Patel’s planned exit comes as the financial system faces threats from growing signs that many homeowners may not pay their mortgages and some companies may declare bankruptcy or tap out their credit lines. The changes also come at a precarious moment for the U.S. economy, with a spike in coronavirus cases threatening to stall activity and large amounts of federal stimulus aid set to expire. The departures come roughly five months before the 2020 presidential election, and senior officials typically face pressure to stay on through Election Day.

Over the past month, the White House has also announced the departures of Andrew Olmem, who was deputy director of the White House National Economic Counsel; Eric Ueland, who served as the White House

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