*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."
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."
The Supreme Court on Thursday preserved the system that gives preference to Native American families in foster care and adoption proceedings of Native children, rejecting a broad attack from some Republican-led states and white families who argued it is based on race.
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing.
New York City is paying to house newly-arrived migrants in hotel rooms. Cheddar News takes a closer look at one of the hotels, the Holiday Inn, which is housing about 15,000 migrants over the next 15 months.
We've been closely following the migrants that were sent to various cities across the United States. Now New York City is paying for hotel rooms for migrants who were sent there. Cheddar's own Ashley Mastronardi has a closer look at one of the hotels.
Illinois Governor J.B. Pritzker signed a bill that stops public schools and libraries from banning books.
The Biden administration reached a deal to preserve a federal mandate requiring health insurers to cover preventive care at no extra cost for patients.
Former President Donald Trump arrives for his arraignment in Miami.
