President Trump escalated his war of words with Anthony Scaramucci on Monday, calling the Mooch "highly unstable" in an early morning tweet storm. Scaramucci joined Cheddar to unpack the string of insults.
The Twitter tirades are “malicious, bullying of individual citizens, which is a form of fascism,” Scaramucci said. He also slammed Trump for attacking him while the “world is crumbling around him,” citing a slew of policy failures, such as the failure to sign a trade deal with China.
Scaramucci is the founder of Skybridge Capital and served as the White House communications director for 11 days in 2017. His brief tenure ended after he gave an expletive-filled interview disparaging other Trump administration officials.
When asked about his decision to accept the job in Trump's administration, Scaramucci said, “I made a mistake … but I think it is important to call out what’s going on for what it exactly is. And I intend to continue to do that."
Scaramucci also mentioned that he is working on an effort to find a Republican primary challenger to Trump in 2020.
"Let's try to re-engineer, re-establish where the Republican Party needs to go," although he said he is still trying to find potential challengers to the president.
Trump also drew the ire of the Mooch on Monday for attacking his wife — “a complete and total civilian,” Scaramucci said.
The Treasury Department pushed for the requirement to help close the tax gap in the crypto industry by forcing better IRS reporting, but legislators on both sides of the aisle argue that the language is too broad and could curb innovation in the space.
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Federal officials said Monday they are seeking more than $160,000 in fines from eight airline passengers over incidents involving alcohol.
President Joe Biden is ordering a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.
El Salvador President Nayib Bukele says his government will build an oceanside “Bitcoin City” at the base of a volcano.
President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Kyle Rittenhouse has been acquitted of all charges after pleading self-defense in the deadly Kenosha, Wisconsin, shootings that became a flashpoint in the nation’s debate over guns, vigilantism and racial injustice.
A sharply divided House has approved the Democrats’ sweeping social and environment bill, a big victory for President Joe Biden.
A rare first printing of the U.S. Constitution has sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
