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.
President Donald Trump pardoned former chief strategist Steve Bannon in the final hours of his White House term as part of a flurry of clemency action that benefited more than 140 people, including rap performers, ex-members of Congress and other allies of him and his family.
U.S. Surgeon General Jerome Adams spoke to Cheddar about the need to speed up the vaccination process as more mutated variants of the novel coronavirus present themselves.
Stocks closed higher on Wall Street, recovering some of last week’s losses and pulling closer to their record highs.
A once large caravan of Honduran migrants that pushed its way into Guatemala last week has dissipated in the face of Guatemalan security forces.
The U.S. death toll from the coronavirus has eclipsed 400,000 in the waning hours in office for President Donald Trump, whose handling of the crisis has been judged by public health experts to be a singular failure.
With Democrats taking the White House and Senate while keeping control of the Senate, future stimulus programs may take some burden off of the Federal Reserve.
Cowen managing director and senior analyst Vivien Azer discusses the future of cannabis stocks in the U.S. in light of the recent election changes.
President-elect Joe Biden has tapped Pennsylvania Health Secretary Rachel Levine to be his assistant secretary of health, leaving her poised to become the first openly transgender federal official to be confirmed by the Senate.
The completed "Field of Flags" display on the National Mall in Washington DC was lit up by powerful beacons on Monday.
David Quinalty of Waymo spoke to Cheddar about the company's hopes that the Biden Administration will continue the bipartisan work with the DOT in promoting autonomous driving technology.
