*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 has announced that the United States would be delivering 31 Abrams Tanks to Ukraine as the country heads into a new phase of its war against Russia.
Texas storms, U.S. tanks could be headed for Ukraine, and journalist deaths spiked in 2022. Here is everything you Need2Know for Wednesday, January 25, 2023.
Pope Francis has criticized laws that criminalize homosexuality as “unjust,” saying God loves all his children just as they are.
Classified documents were found at former Vice President Mike Pence's Indiana home.
New estimates show more than $60 billion in fraudulent unemployment benefits were paid out during the pandemic, according to a government watchdog.
The Bulletin of Atomic Scientists says the world is closer to Armageddon than it has ever been.
U.S. officials say the U.S. is poised to approve sending M1 Abrams tanks to Ukraine, as international reluctance to send tanks to the battlefront against the Russians appeared to begin eroding.
Classified documents were found in former Vice President Mike Pence's Indiana home.
President Joe Biden is again calling for gun safety legislation in the wake of several mass shootings.
The Senate Judiciary Committee on Tuesday held a hearing looking into entertainment giant Live Nation's role in the botched pre-sales process for Taylor Swift's Eras tour.
