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An under-the-radar Trump trade has soared on hopes of a big shake-up in the US mortgage industry

A second Trump presidency could revitalize efforts to privatize Freddie Mac and Fannie Mae, mortgag…

Matthew Fox   


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Trump projected public confidence about COVID but could barely sleep as it was making its way to the US, new book says

Trump was worried about the economy and also lamented that he wouldn't be facing off against Bernie…

Kimberly Leonard   


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1 min read

Former Trump Cabinet member Wilbur Ross files to form $345 million SPAC - and top Trump economist Larry Kudlow is joining as a director

So far in 2021, 100 SPACs have gone public and raised more than $29 billion, according to data from…

Matthew Fox   


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Larry Kudlow says economic recovery is not 'dependent' on a stimulus package, contradicting pleas from Fed

Fed Chair Jay Powell warned on Tuesday that the economy might falter if another stimulus package do…

Yelena Dzhanova   


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'It was awful': Top Trump adviser Larry Kudlow referred to the pandemic in the past tense on a day the US recorded 1,147 COVID-19 deaths

"Then came a once-in-100-year pandemic. It was awful. Health and economic impacts were tragic," Kud…

Joseph Zeballos-Roig   


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Trump's top advisers are still pointing to signs of a 'V-shaped' economic recovery despite surging coronavirus cases

President Donald Trump's top economic adviser has said hot-spot states will only "moderate" the rec…

Carmen Reinicke   


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3 mins read

The White House opens the door to extending boosted unemployment benefits with $600-a-week federal payouts ending in 12 days

The reduced government benefits could be paired with a second stimulus check for Americans. Over 30…

Joseph Zeballos-Roig   


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Joseph Zeballos-Roig   


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4 mins read

Trump wants tax breaks to encourage people to watch sports games and travel around the US. Here's why that could backfire as the pandemic rages.

The measures don't address what's holding back the economy from growing again: the raging coronavir…

Joseph Zeballos-Roig   


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1 min read

'A big mistake': Kudlow says another shutdown to curb surging coronavirus cases could threaten a V-shaped economic recovery

"It'd really be a big mistake to take a step like another shutdown," Kudlow told CNBC. "It would do…

Carmen Reinicke   


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1 min read

More than two-thirds of people collecting unemployment earn more than they did at their old jobs

Many low-wage workers lost their jobs due to the pandemic, and they had few, if any savings to fall…

Joseph Zeballos-Roig   


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3 mins read

The White House signals it could get on board with a 2nd round of stimulus checks for Americans

Republicans in Congress and top economic officials in the White House are split on whether to back …

Joseph Zeballos-Roig   


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6 mins read

Trump supports another round of stimulus checks, but Republicans are extremely split on sending more government cash to people

Many GOP senators are staunchly opposed to the idea, but some have expressed a willingness to targe…

Joseph Zeballos-Roig   


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2 mins read

A top Trump economic adviser says the next wave of stimulus checks should go to 'people who lost their jobs and are most in need'

The comments from Larry Kudlow suggest the top economic adviser favors tightening eligibility for a…

Joseph Zeballos-Roig   


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Trump says 'we won't be closing down the country again' as coronavirus cases increase in at least 14 states

The president previously said the US wouldn't lock down if there were another surge of coronavirus …

Joseph Zeballos-Roig   


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A top Trump economic adviser says the $600 weekly boost in unemployment benefits will be allowed to expire in late July

"We're paying people not to work. It's better than their salaries would get," Larry Kudlow said in …

Joseph Zeballos-Roig   


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A top Trump economic advisor says 'there is no second wave' of coronavirus as cases surge in over a dozen states

"There is no second wave. I don't know where that got started on Wall Street," Larry Kudlow said. C…

Joseph Zeballos-Roig   


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A top Trump economic adviser says he doesn't believe systemic racism exists in the US and adds 'law and order is good for growth'

Larry Kudlow's striking remarks come as lawmakers denounce racism amid Black Lives Matter demonstra…

Joseph Zeballos-Roig   


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A top Trump economic adviser says the White House is considering offering 'back to work' cash bonuses for unemployed Americans

Larry Kudlow said the Trump administration is weighing offering unemployed people a cash bonus for …

Joseph Zeballos-Roig   


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Trump's advisers are optimistic for a quick economic rebound, despite alarm over sky-high unemployment and wave of small business closures

Other policymakers are warning of a protracted downturn given the surge of unemployment claims and …

Joseph Zeballos-Roig