Alex Ossola

Also from the Justice Department, the FBI is leading an investigation into whether federal agents who fatally shot Alex Preddy in Minneapolis violated his civil rights.

Public outcry prompted the Justice Department to expand what had been a more limited probe.

And President Trump, acting in his personal capacity, has sued the IRS and the Treasury Department.

He says the agencies didn't do enough to stop a contractor from leaking his tax returns to the press in 2019.

The lawsuit seeks at least $10 billion from the U.S.

government that he runs.

The White House, IRS, and Treasury Department didn't respond to requests for comment.

The private credit boom on Wall Street is raising some concerns for investors again.

One of BlackRock's private credit funds surprised investors last week when it reported a $140 million loss and marked down the value of its holdings by 19 percent.

The decline just highlights how hard it is to know how much these investments are worth, even as Wall Street and the Trump administration are pushing to make products like these even more widely available to Main Street investors.

I'm joined now by Matt Wertz, who covers credit for The Journal.

Matt, why are these types of investments so hard to value?

What does this mean for ordinary investors?

Matt, one second.

Let me just tell listeners BDCs are business development companies that typically make high interest loans to companies.

And this BlackRock fund we're talking about is an example of one.

That was WSJ reporter Matt Wertz.

Thank you, Matt.

A spokesman for BlackRock declined to comment.

As we mentioned on this morning's show, President Trump has named his pick to lead the Federal Reserve.