*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."
Legislation banning most abortions after 12 weeks of pregnancy is becoming law in North Carolina after the state’s Republican-controlled General Assembly successfully overrode the Democratic governor’s veto.
New York Expands Regulations for Adult-Use Marijuana Dispensaries
Allies of former Vice President Mike Pence are launching a new super PAC to support his expected candidacy for the 2024 Republican presidential nomination.
The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country.
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday.
The head of the artificial intelligence company that makes ChatGPT will testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.
Florida Gov. Ron DeSantis on Monday signed a bill that blocks public colleges from using federal or state funding on diversity programs, addressing a concern of conservatives ahead of the Republican governor's expected presidential candidacy.
A special prosecutor found that the FBI rushed into its investigation of ties between Russia and Donald Trump's 2016 campaign and relied too much on raw and unconfirmed intelligence as he concluded a four-year probe that fell far short of the former president's prediction that the “crime of the century" would be uncovered.
North Carolina Gov. Roy Cooper vetoed a bill passed by state lawmakers that would ban most abortions after 12 weeks.
U.S. Rep. Gerry Connolly of Virginia says a man with a baseball bat walked into his Fairfax office, asked for him, and then assaulted two members of his staff.
