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.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic.
White House Economic Adviser, Tyler Goodspeed, on the June jobs report. Goodspeed also keys in the Trump administration's goal of growing jobs despite coronavirus cases spiking.
The number of confirmed coronavirus cases in the U.S. climbed to a new high of more than 50,000 per day on Thursday.
Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic.
Arizona recorded more coronavirus deaths, infections and emergency-room admissions in a single day than ever before in a rapidly deepening crisis Wednesday across the Sunbelt.
Economic Policy Institute Policy Director Heidi Shierholz warns of the possible consequences if Congress allows the pandemic unemployment assistance program to expire.
Health experts have slammed the U.S. decision to hog nearly the entire global supply of remdesivir, the only drug licensed so far to treat COVID-19.
Dr. Anthony Fauci says the U.S. is “going in the wrong direction” with coronavirus cases surging in some regions, and that's putting the entire country at risk.
The European Union has announced it will reopen its borders to travelers from 14 countries, but most Americans have been refused entry for at least another two weeks due to soaring coronavirus infections in the U.S.
