*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."
Democratic lawmakers worry that damage has been done to safety net programs and it'll be difficult to unravel that in the years ahead as Republicans demand further cuts.
The Department of Justice has informed former Vice President Mike Pence 's legal team that it will not pursue criminal charges related to the discovery of classified documents at his Indiana home.
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline.
He wasn't hurt and later joked that he "got sandbagged."
Canada will soon become the first country in the world where warning labels must appear on individual cigarettes.
Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure that the automated formulas used to price housing are fair.
Centrist Democrats and Republicans pushed it to approval over blowback from conservatives and some progressives. The Senate is expected to act quickly by the end of the week.
The Oklahoma Supreme Court ruled on Wednesday that two state laws banning abortion are unconstitutional, but the procedure remains illegal in the state in nearly all cases except life-threatening situations.
A New York City police officer is speaking out against the use of “courtesy cards” by friends and relatives of his colleagues on the force, accusing department leaders of maintaining a sprawling system of impunity that lets people with a connection to law enforcement avoid traffic tickets.
A Pennsylvania restaurant owner who screamed death threats directed at then-House Speaker Nancy Pelosi while storming the U.S. Capitol was sentenced on Tuesday to more than two years in prison.
