*By Carlo Versano*
The White House dispatched chief economic adviser Larry Kudlow to speak to reporters Thursday morning as markets turned deep red in a day marked by volatility and which added to the sell-off in tech stocks.
Kudlow told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector, in particular, was up 50 percent since President Trump's election, "even with this correction."
"That ain't bad," he said.
Kudlow wouldn't disclose whether he advises Trump to speak less critically of the actions of the Federal Reserve ー for which presidents typically reserve a church-and-state type attitude. Trump, for his part, called the Fed "loco" on Wednesday for raising interest rates.
Kudlow told Cheddar: "The advice I give to the president is the advice I give to the president. It's entirely private."
President Joe Biden’s son Hunter will plead guilty to federal tax offenses and avoid prosecution on a separate gun charge in a deal with the Justice Department that likely spares him time behind bars.
A White House official said First lady Jill Biden is hosting a roundtable conversation on Tuesday that will bring together women who have been denied medical care since the overturning of Roe v. Wade last year.
Former president Donald Trump told Fox News' Bret Baier said on Monday that he did not show classified documents to anyone else after his term.
President Joe Biden will convene a group of technology leaders on Tuesday to debate artificial intelligence.
More than 1 million people have been dropped from Medicaid in the past couple of months as some states moved swiftly to halt healthcare coverage following the end of the coronavirus pandemic.
Thousands of Iraqis, many of whom risked their lives by working closely with Americans during the war and its aftermath, are trying to enter the U.S.
U.S. Secretary of State Antony Blinken met on Monday with Chinese President Xi Jinping and said they agreed to “stabilize” badly deteriorated U.S.-China ties, but America’s top diplomat left Beijing with his biggest ask rebuffed: better communications between their militaries.
The Massachusetts Air National Guardsman accused of leaking highly classified military documents has been indicted on federal felony charges, the Justice Department said Thursday.
President Joe Biden highlighted progress in chipping away at so-called junk fees as a “win for consumers” Thursday, as he met at the White House with executives from Live Nation, Airbnb and other companies that have taken steps to embrace more transparent pricing.
Texas Gov. Greg Abbott sent a busload of migrants to downtown Los Angeles on Wednesday, prompting Mayor Karen Bass to respond to Abbott's move as a "despicable stunt."
