White House economic adviser Gary Cohn is resigning, according to the New York Times.
While no specific reason for his departure was given, the former Goldman Sachs COO has voiced strong opposition to President Trump’s proposed steel and aluminum tariffs, a position shared by many, even in the Republican party.
RNC spokesperson Kayleigh McEnany spoke with Cheddar before the news broke and said that, while it’s fine to have differing opinions within the GOP, ultimately Republicans have “to stand behind the president.”
“He is the only Republican that has won a national election,” she said. “He is the voice of our party, unmistakably.
“People forget that he got 13.3 million Republican votes. That’s more than any other nominee in the party’s entire history. Republicans like the Trump messaging. Republicans like the Trump tariffs.”
Critics of the president’s tariffs argue that the import taxes could ignite a trade war with U.S. allies and have a catastrophic effect on the economy. Earlier on Tuesday House Speaker Paul Ryan called for a more “targeted” plan to avoid potential retaliation.
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
The recently expired child tax credit helped a wide swathe of families throughout the U.S. Megan Pratz looks into the impact the payments had, and how the end of the program will have a drastic effect on families that could still use the help with child care.
The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job.
President Joe Biden says the government plans to double to 1 billion the rapid, at-home COVID-19 tests to be distributed free to Americans.
Buckingham Palace says that Prince Andrew’s honorary military titles and royal patronages have been returned to Queen Elizabeth II with her “approval and agreement.”
The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years.
Prime Minister Boris Johnson has apologized for attending a garden party during Britain’s first coronavirus lockdown, but brushed aside opposition demands that he resign for breaching the rules his own government had imposed on the nation.
North Korea says leader Kim Jong Un oversaw a successful flight test of a hypersonic missile he claimed would remarkably increase the country’s “war deterrent.”
Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982.
Federal Reserve Chair Jerome Powell told lawmakers on Tuesday during his confirmation hearing that it is time to wind down the central bank's aggressive pandemic-era policies.
