LARRY KUDLOW

Mike Pence served under a president who was found to have made false claims habitually. His lies about the 2020 election endangered Pence's life.

MSNBC says it has hired former Biden aide Symone Sanders to host a weekend television show and another on its Peacock streaming service.

MSNBC has hired Symone Sanders, former aide to President Joe Biden and spokeswoman for Vice President Kamala Harris, to host shows on its television and streaming services. Sanders announced only last month that she was leaving her job as chief spokesperson for Harris. Sanders, 32, will host a Washington-based weekend show on MSNBC, along with a program on “The Choice from MSNBC,” a news and analysis destination on the Peacock streaming service.

A Trump-allied dark money group is joining forces with a think tank run by alumni of former President Donald Trump's administration.

"I'm being actually quite serious here," the former White House economic adviser said.

A freshman senator has ground the Senate to a crawl in order to slow the passage of a bipartisan $1 trillion infrastructure package.

A producer who launched a lawsuit against the network said Andrew Napolitano had 'started stroking his arm' in an elevator.

Trump reportedly joked about COVID-19 and mocked people who got sick

"Nightmare Scenario," a book out next week on President Trump's handling of COVID, reports that he said he hoped it would take out his former national security adviser, John Bolton, who had just written an explosive tell-all about his time in the White House. When asked about the quote, Bolton gave Axios' Jonathan Swan this classic reply: "Fooled me — I thought he was relying on his lawyers."Get market news worthy of your time with Axios Markets. Subscribe for free.Here's the passage by Washingt

Prospects for a vast infrastructure deal have been thrown into serious doubt.

Larry Kudlow reacts to video of a professor berating a student in class for calling police officers 'heroes'

Sen. Ron Johnson is in an uncomfortable class of his own.

Former Vice President Mike Pence has launched a new advocacy group as he and other Trump administration officials look to boost their post-White House plans.

In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions and small-pocketed investors alike. The goal is to use those millions of dollars to take a private company public without using the traditional initial public offering process that’s been around for decades. Management has a financial incentive to find an acquisition target — most often management receives a 20% stake in the newly public company. An exchange-traded fund consisting of SPACs and companies taken public through SPAC acquisitions, the Defiance Next Gen SPAC fund, jumped 55% between early November and mid-February.

Treasury Secretary Steven Mnuchin made the offer to Pelosi late Tuesday afternoon, he said in a statement. Mnuchin reached out to Pelosi after a call with top congressional GOP leaders, including Senate Majority Leader Mitch McConnell, who remains at odds with Democratic leaders over COVID-19 relief. The $916 billion Mnuchin offer, the separate ongoing talks among key rank-and-file senators, and the shifting demands by the White House all add up to muddled, confusing prospects for a long-delayed COVID-19 aid package. McConnell said Congress will not adjourn without providing the long-overdue COVID-19 relief. Pelosi blasted McConnell's offer as an attempt to undercut the bipartisan group whose framework she supports as a foundation for the negotiations.

WASHINGTON – Lawmakers are giving themselves more time to sort through their end-of-session business on government spending and COVID-19 relief, preparing a one-week stopgap spending bill that would prevent a shutdown this weekend. House floor leader Steny Hoyer, D-Md., said on Twitter that the temporary government funding bill is slated for a vote on Wednesday, when it is sure to easily pass. Disagreements flared Monday over one key provision — a proposed liability shield from COVID-19-related lawsuits for businesses, schools and organizations that reopen. Republicans initially proposed a sweeping five-year liability shield, retroactive to December 2019, to protect companies and organizations from COVID-19-related lawsuits. Negotiators suggested a scaled-back liability shield, but a six-month proposal was panned by Republicans and there is no agreement yet from Democrats.

The sign of a flagging economic recovery comes amid a renewed congressional effort to pass a pandemic relief bill before the end of the year. House Speaker Nancy Pelosi said "there is momentum" toward a coronavirus stimulus deal after new data Friday showed sluggish jobs growth in the face of an infection surge. President-elect Joe Biden echoed the Democratic congressional leaders Friday after what he called a "grim" jobs report. It is unclear how much the jobs report will affect the contents of a relief bill — or how quickly Congress can pass it. Sen. John Barrasso of Wyoming, the third-ranking GOP member of the chamber, cited Friday's jobs report as a testament to the strength of his party's economic policies.

Brian Deese, deputy director of the White House National Economic Council, speaks in the White House briefing room in Washington, D.C., U.S., on Tuesday, April 17, 2012. WASHINGTON – President-elect Joe Biden on Thursday announced that Brian Deese, currently the head of sustainable investing at BlackRock, will be the director of the National Economic Council. Deese is a former deputy director of the National Economic Council, deputy director of the Office of Management and Budget, and senior advisor to President Obama. After working on Obama's 2008 campaign, Deese joined the White House as a member of the National Economic Council and was later promoted to deputy director. Through Deese, Biden will likely seek to advance a climate-friendly agenda using economic policy as a vehicle.

WASHINGTON – President Donald Trump never admits defeat. But he faces a stark choice now that Democrat Joe Biden has won the White House: Concede graciously for the sake of the nation or don’t — and get evicted anyway. “He intends to fight,” Trump economic adviser Larry Kudlow said as it was becoming clear that the president was headed for defeat. “What I would tell President Trump is: Don’t give up. “For all those of you who voted for President Trump, I understand the disappointment tonight.

Senators adjourned on Monday and are not scheduled to return until November 9, impeding progress on a new stimulus bill. A CBSN special looks at the state of the economy as a second round of federal stimulus checks hangs in the balance. Download the CBS News app to stream "A Nation in Need: A Stimulus Check List" on CBSN. President Donald Trump earlier this month urged Congress to pass a stimulus bill ahead of the Nov. 3 election. There was no mention of a second round of stimulus checks.

A CBSN special looks at the state of the economy as a second round of federal stimulus checks hangs in the balance. Although lawmakers have yet to break the logjam, Mr. Trump has exhorted Congress to pass a stimulus bill ahead of the presidential election next month. Wall Street analysts remain skeptical that Congress will reach an agreement on a fresh stimulus round before November 3. But Mr. Trump soon tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump didn't mention renewing the program as a standalone funding effort, nor did Mnuchin on October 15.

"Until we get some eradication of the virus, it's going to be like a gray cloud" over the market. The Dow Jones Industrial Average closed 650.19 points lower, or 2.3%, at 27,685.38. Stocks fell sharply on Monday as coronavirus infections jumped and negotiations for a fiscal stimulus package before the election stalled once again. Stocks with the most to lose from rising cases and a stalled stimulus plan led the decline Monday. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Spencer Platt | Getty Images News | Getty ImagesAlaska and New JerseyAlaska and New Jersey haven't yet started paying the aid to workers, state officials confirmed. Other states, like Nevada and Wisconsin, started paying the aid just last week, according to state officials. In the case of the $300 Lost Wages Assistance payments, states essentially had to build a new system from scratch. The new federal program came with rules and requirements that state officials had to decode and then translate into their technology systems. State officials had to determine how to account for that restriction.

White House economic advisor Larry Kudlow speaks with reporters on the driveway outside the West Wing of the White House in Washington, U.S., September 24, 2020. Yes, it's real but it's also coming at the expense of air travel, train travel and mass transit. White House chief economic advisor Larry Kudlow told CNBC Wednesday morning that given recent data, a "V-shaped recovery" remains his base case. In short, consumers will quite easily switch from beef to chicken if the price of beef becomes prohibitively expensive. So, while it makes sense to invest in the beneficiaries of these substitutions, it does not make sense to suggest that a V-shaped recovery is underway by any stretch of the imagination.

Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. White House economic advisor Larry Kudlow recently echoed those remarks, telling CNBC that a V-shaped recovery doesn't depend on another round of federal financial relief. Meanwhile, Trump has pointed to the stock market's swift rise as a leading indicator that the economy is back on track. "[Trump] talks about a V-shaped recovery. "[The stock market] is one of the clearest reasons people are taking about a K-shaped recovery," Edelberg said.

Mr. Trump is backing a revised stimulus package, according to White House economics adviser Larry Kudlow. Get Breaking News Delivered to Your InboxMr. Trump himself later urged Congress to pass a stimulus bill. But Mr. Trump on Tuesday tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump on Tuesday didn't mention renewing the program as a standalone funding effort. Meanwhile, an extra $300 in weekly unemployment aid that Mr. Trump had ordered is already depleted in 19 states, according to UnemploymentPUA.com, which tracks the program.

Mr. Trump is backing a revised stimulus package, according to White House economics adviser Larry Kudlow. Get Breaking News Delivered to Your InboxMr. Trump himself urged Congress to pass a stimulus bill. But Mr. Trump on Tuesday tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump on Tuesday didn't mention renewing the program as a standalone funding effort. Meanwhile, an extra $300 in weekly unemployment aid that Mr. Trump had ordered is already depleted in 19 states, according to UnemploymentPUA.com, which tracks the program.

Mr. Trump is backing a revised stimulus package, according to White House economics adviser Larry Kudlow. Kudlow didn't provide specifics about the relief plan, although he noted it would likely include stimulus checks as well as aid for the ailing airline industry. But Mr. Trump on Tuesday tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump on Tuesday didn't mention renewing the program as a standalone funding effort. Meanwhile, an extra $300 in weekly unemployment aid that Mr. Trump had ordered is already depleted in 19 states, according to UnemploymentPUA.com, which tracks the program.

"This proposal amounted to one step forward, two steps back," House Speaker Nancy Pelosi said of the Trump administration's stimulus offer in a letter to her members Saturday. Mnuchin and Meadows in a letter to Congress on Sunday said that House Democrats haven't compromised with Republicans on the bipartisan stimulus legislation. Pelosi called the White House proposal's spending on virus testing, tracing and treatment "wholly insufficient" and said Democrats and Republicans remain at an impasse on stimulus legislation until the issues are resolved. Senate Majority Leader Mitch McConnell said Friday that a stimulus package is "unlikely in the next three weeks." Larry Kudlow, Trump's top economic advisor, said on Sunday morning that the president might go "beyond" the numbers that Democrats have called for in their stimulus proposal for certain "key targeted areas."

Scott Applewhite)WASHINGTON – A new White House coronavirus aid offer got bad reviews from both ends of the political spectrum on Saturday. House Speaker Nancy Pelosi, D-Calif., rejected the most generous Trump administration plan to date as “one step forward, two steps back." The White House had boosted its offer before Treasury Secretary Steven Mnuchin and Pelosi spoke on Friday afternoon. The White House says its most recent offer before that was about $1.6 trillion. It's clear from Saturday's Senate GOP conference call that the skepticism or outright opposition hasn't changed.

Mr. Trump is backing a revised stimulus package, according to White House economics adviser Larry Kudlow, who spoke to reporters on Friday morning. Kudlow didn't provide specifics about the relief plan, although he noted it would likely include stimulus checks as well as aid for the ailing airline industry. But Mr. Trump on Tuesday tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump on Tuesday didn't mention renewing the program as a standalone funding effort. Meanwhile, an extra $300 in weekly unemployment aid that Mr. Trump had ordered is already depleted in 19 states, according to UnemploymentPUA.com, which tracks the program.

The White House on Friday took a new coronavirus stimulus offer to Democrats, believed to cost $1.8 trillion, as the sides work to strike a deal before the 2020 election. The plan would mark an increase from the $1.6 trillion the Trump administration previously proposed. House Democrats passed a $2.2 trillion bill earlier this month, and the sides have struggled to find a consensus in between those figures. In a tweet before the meeting, Trump urged negotiators to "Go Big!" After Pelosi and Mnuchin renewed talks toward a deal early in the week, Trump abruptly told his administration to back out of discussions.

Mr. Trump is backing a revised stimulus package, according to White House economics adviser Larry Kudlow, who spoke to reporters on Friday morning. Kudlow didn't provide specifics about the relief plan, although he noted it would likely include stimulus checks as well as aid for the ailing airline industry. But Mr. Trump on Tuesday tweeted that he was pulling the plug on negotiations over further stimulus. But Mr. Trump on Tuesday didn't mention renewing the program as a standalone funding effort. Meanwhile, an extra $300 in weekly unemployment aid that Mr. Trump had ordered is already depleted in 19 states, according to UnemploymentPUA.com, which tracks the program.

"The president actually showed up in the Oval Office yesterday with extra precautions with respect to his Covid-19," Kudlow said. Asked by "Squawk Box" co-host Joe Kernen whether the president donned a mask while in the Oval Office, Kudlow said he "can't be specific, Joe. But Kudlow was quickly contradicted by the White House, which in a tweet said Trump had not visited the Oval Office. "In the White House, there's a good deal of contract tracing, and we're doing the absolute best we can," Kudlow told CNBC. Among the most recent White House staff members who have announced positive tests in top domestic aide Stephen Miller.

The Dow Jones Industrial Average closed 530.70 points higher, or 1.9%, at 28,303.46. The S&P 500 climbed 1.7% to 3,419.45 while the Nasdaq Composite advanced 1.9% to 11,364.60. "This certainly isn't the first time we've seen the market react to Trump tweets, and it probably won't be the last," said Chris Larkin, managing director of trading and investment product at E-Trade. "The seesaw we've seen since yesterday's plunge is just case and point for the volatility we may encounter as we close in on the election." Shares of United Airlines gained more than 4%.

Crowds of people gathered shoulder to shoulder on the White House South Lawn. Instead, he flouted his own government’s guidelines and helped create a false sense of invulnerability in the White House, an approach that has now failed him as it did a nation where more than 200,000 people have died. And their use, while technically required, wasn’t enforced in the White House either. Even in the hours after the president’s diagnosis, senior White House staff, including chief of staff Mark Meadows and economic adviser Larry Kudlow, walked around the White House complex without wearing masks. The White House, even now, says the face coverings are a matter of “personal choice” for most staffers.

Larry Kudlow, President Donald Trump's top economic advisor, said Tuesday afternoon that the broad economic recovery from Covid-19 doesn't necessarily require additional fiscal stimulus even if select industries or businesses could benefit from more aid. "I don't think the V-shaped recovery depends on the package, but I do think a targeted package could be a great help," Kudlow said from the White House on CNBC's "The Exchange." "Even though I think the economy is improving nicely, it could use some help in some key, targeted places." "We also wanted to extend the assistance plan, the PPP plan, to small business. I mean, we actually had money – it's over $100 billion – that could be repurposed to go back in through that plan," Kudlow added.

The final agreement gives the administration continued immediate authority to dole out Agriculture Department subsidies in the run-up to Election Day. This is cash flow to mom and pop businesses all over rural America," said Texas Rep. Michael Conaway, top Republican on the House Agriculture Committee. Trump announced a new $13 billion allotment of bailout funding at a political rally in Wisconsin last week. But the financial fix had been passed before, and other Democrats, including endangered House incumbents in states like Iowa and Minnesota, pressed for it. In the past, both Democrats and Republicans have sought to use government funding deadlines and must-past temporary funding bills as leverage to try to win concessions elsewhere on Washington's agenda.

House Democrats released a bill Monday to fund the government until Dec. 11, but Senate Republicans quickly criticized it, leaving the path to a deal to prevent a shutdown unclear. The plan, which would stop funding from lapsing after the Sept. 30 deadline, did not include a White House request for farm aid or additional school lunch assistance, a Democratic priority. The push to avoid a shutdown comes amid a protracted fight over how to structure a fifth pandemic relief package. Asked before the bill's release about the White House stance on the plan, Trump administration economic advisor Larry Kudlow said "we do prefer additional farm aid" in the proposal. However, he did not say whether the White House would support or oppose the legislation.

Only those the White House expected to be in "close proximity to the president and vice president had been tested for COVID-19. But few convention speakers made reference to the virus, while others have discussed it in the past tense. Health and economic impacts were tragic, said White House economic adviser Larry Kudlow on the conventions second night. The White House and campaign refused to say how many in attendance at the events had been tested for the virus. White House spokesman Judd Deere said only that those in close proximity to the president and vice president are screened.

Equally up in the air is whether states, which are necessary partners in Trump's plan to bypass Congress, will sign on. Many Republicans have expressed concern that a $600 weekly benefit, on top of existing state benefits, gives people an incentive to stay unemployed. But under Trump's plan, the $400 a week requires a state to commit to providing $100. Asked at a news conference how many governors had signed on to participate, Trump answered: If they don't, they don't. I dont think there will be a huge delay.

NEW YORK President Donald Trump's new executive orders to help Americans struggling under the economic recession are far less sweeping than any pandemic relief bill Congress would pass. A payroll tax deferral may not translate into more spending money for workers depending on how employers implement it. White House economic adviser Larry Kudlow estimated Sunday that the payroll tax deferral could save employees about $1,200 through the end of the year. Trump is proposing that Congress pass a permanent payroll tax cut, but the prospects of such a measure is uncertain. Democrats and some Republicans are against any change to the payroll tax because it could deplete the Social Security and Medicare Trust funds.

WASHINGTON President Donald Trump's national security adviser, who tested positive for the coronavirus, returned to work Tuesday after recovering from a mild case of COVID-19, the White House said. Robert O'Brien has resumed his meetings with the president, said National Security Council spokesman John Ullyot. During his quarantine at home, Ambassador OBrien worked his normal duties. The administration said there was no risk of exposure to the president or Vice President Mike Pence. White House economic adviser Larry Kudlow said earlier that OBriens daughter also contracted the virus and that that is how officials think he was exposed.

White House chief of staff Mark Meadows speaks to reporters at the Capitol, Thursday, July 23, 2020, in Washington. Republican senators and the White House are at odds over various items, including how to cutback the jobless benefit without fully doing away with it. Its our goal to make sure that its not antiquated computers that keep people from getting their benefits, Meadows said. The White House and Senate Republicans were racing to regroup after plans to introduce a $1 trillion virus rescue bill collapsed Thursday during GOP infighting over its size, scope and details. Apart from jobless benefits, Mnuchin said Saturday that new $1,200 direct payments would be based on the same formula from the earlier aid bill.

Treasury Secretary Steven Mnuchin speaks with reporters about the coronavirus relief package negotiations, at the White House, Thursday, July 23, 2020, in Washington. (AP Photo/Evan Vucci)WASHINGTON House Speaker Nancy Pelosi on Sunday assailed Republican disarray over a new pandemic relief package as the White House suggested a narrower effort might be necessary, at least for now. Its our goal to make sure that its not antiquated computers that keep people from getting their benefits, Meadows said. House Democrats passed a $3 trillion relief package a couple of months ago, with the aim of jump-starting negotiations. Apart from jobless benefits, Mnuchin said Saturday that new $1,200 direct payments would be based on the same formula from the earlier aid bill.

President Donald Trump and Mexican President Andres Manuel Lopez Obrador arrive for an event in the Rose Garden at the White House, Wednesday, July 8, 2020, in Washington. (AP Photo/Evan Vucci)

2019 file photo, Mexico's President Andres Manuel Lopez Obrador speaks during an event to sign an update to the North American Free Trade Agreement, at the National Palace in Mexico City. (AP Photo/Marco Ugarte, File)WASHINGTON Mexicos Andrs Manuel Lpez Obrador began his trip to the United States his first foreign trip as president with visits Wednesday to the Lincoln Memorial and the statue of Benito Juarez, a former president and national hero in Mexico. But Lpez Obrador has had a surprisingly warm relationship with Trump. Trump economic adviser Larry Kudlow said Lpez Obrador and Trump will sign a joint declaration of friendship and cooperation. You know, were looking for growth following the pandemic.Its not a state visit, but Lpez Obrador will be treated to a special dinner at the White House attended by business leaders from both nations.

President Donald Trump speaks during a news briefing at the White House, Thursday, July 2, 2020, in Washington, as White House chief economic adviser Larry Kudlow, left, and Treasury Secretary Steven Mnuchin, look on. (AP Photo/Evan Vucci)WASHINGTON President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus,The legislation extends the June 30 deadline for applying for the program to Aug. 8. About $130 billion of $660 billion approved for the program remains eligible for businesses to seek direct federal subsidies for payroll and other costs such as rent, though demand for the Paycheck Protection Program has pretty much dried up in recent weeks. The Democratic-controlled House voted on Wednesday to approve the extension of the program after the Republican-controlled Senate did the same. Trump had been expected to sign the measure.

They hate rallies and its all because they hate the idea of MAKING AMERICA GREAT AGAIN! Trump said in a recent fundraising email. But he said that Trump is clear-eyed that if the economy isnt roaring by October, his reelection hopes are dim. Trump is really concerned about the news cycle and the next news cycle and hes worried about his reelection. But I dont think his legacy or what the history books are going to say enters his cortex.With his rally, Trump is also flouting Centers for Disease Control and Prevention guidelines that, for now, discourage large indoor gatherings. Trump aides say the campaign will conduct temperature checks of rally-goers and supply hand sanitizer.

Ocasio-Cortez began airing a TV spot this week that underlines the importance of turnout in what's likely to be a low-turnout primary. Caruso-Cabrera has cast Ocasio-Cortez as a divisive elitist who ignores the district, which also covers parts of the Bronx. Caruso-Cabrera said that after Congress approved the coronavirus bill and the pandemic was ravaging New York, Ocasio-Cortez stayed in a luxury apartment in D.C. with a Whole Foods in the lobby." Caruso-Cabrera, 51, has vulnerabilities in the overwhelmingly Democratic district. The organization tangled with Ocasio-Cortez in a Texas primary in March, when she backed an unsuccessful liberal challenger to pro-business Democratic Rep. Henry Cuellar.

Lawmakers are wrestling over whether to go big as Pelosi wants for the next relief bill or hit pause as Senate Majority Leader Mitch McConnell insists. (AP Photo/Manuel Balce Ceneta)WASHINGTON Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small-business aid in hopes of helping employers reopen shops and survive the pandemic. Yet absent from the agenda is formal talks between congressional leaders on the next phase of the federal coronavirus response. Democrats have already pushed a $3 trillion-plus measure through the House, but negotiations with the GOP-controlled Senate and White House have yet to begin. Its something were looking at very carefully, said White House economic adviser Larry Kudlow.

FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a video conference call in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin LamarqueWASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Tuesday that President Donald Trumps administration is looking carefully at a potential back to work bonus to encourage Americans who had been laid off as the coronavirus pandemic spread to return to work. Kudlow, speaking on Fox News Channel, also said he does not think Congress will approve another $600 per week in extra jobless benefits to laid-off workers in a future coronavirus relief legislation.

U.S. President Donald Trump addresses a ceremony honoring veterans ahead of the Memorial Day holiday at the White House in Washington, U.S., May 22, 2020. An RNC official confirmed in a statement that White House advisors are involved with fundraising events but only as "special guests." "Any White House official who takes part in a Trump Victory event with supporters does so in their personal capacity in accordance with the law. A spokesman for the White House declined to comment. A representative for the Department of Agriculture referred questions about Perdue being a virtual fundraising guest to the campaign.

(AP Photo/Evan Vucci, File)WASHINGTON President Donald Trump has a new pitch to voters for this fall: Trust me. Its a transition to greatness, Trump says over and over, predicting a burgeoning economy come the fall. Now, Trump is making the case to voters that if he helped bolster the economy once, he can do it again. "Ill do it a second time.It's not just next year that will be a mystery to voters on Election Day. "The president is placing a bet by reopening the economy before public health officials believe it is safe.

(AP Photo/Evan Vucci, File)WASHINGTON President Donald Trump has a new pitch to voters for this fall: Trust me. Its a transition to greatness, Trump says over and over, predicting a burgeoning economy come the fall. Now, Trump is making the case to voters that if he helped bolster the economy once, he can do it again. "Ill do it a second time.It's not just next year that will be a mystery to voters on Election Day. "The president is placing a bet by reopening the economy before public health officials believe it is safe.

In addition, he, and others, have also proposed a payroll tax holiday for both employers and employees, as well as a reduction in the capital gains tax rate. It is now widely agreed that a payroll tax holiday won't help employees who have fallen on hard times. As it is, corporations, which have a top marginal tax rate is 21%, pay far less than that in real terms. Instead of further cutting taxes, I am offering a five-point plan that will help individuals through this crisis and boost economic activity without offering additional assistance to those who need it the least. Any additional programs would, especially additional corporate and payroll tax cuts.But this plan will help get people back on their feet more quickly.

WASHINGTON (Reuters) - The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. jobs losses in the coming months. The April unemployment rate announced by the Labor Department undercounts some out-of-work Americans, economists say. Advisers said last week the White House would not consider new stimulus legislation in May. Its just informal at this stage, Kudlow told ABCs This Week program, referring to White House discussions with lawmakers. White House predictions on the economy and how quickly a coronavirus vaccine could be rolled out were questioned on Sunday by both Democrats and Republicans.

Senate Democrats and Republicans have a conference call scheduled on Monday with Kudlow and White House economic advisor Kevin Hassett to discuss ideas for next steps. Kudlow and Hassett held a conference call with 50 members of the House on Friday to discuss the coronavirus response. White House economic advisor Larry Kudlow said on Sunday that the Trump administration is in informal talks with U.S. lawmakers from both parties regarding the next coronavirus relief package. However, Republicans in the Senate and White House are downplaying the need for more aid as they push for a quicker reopening of the economy. White House economic advisor Hassett said the administration may support a limited form of relief for state and local governments after evaluating the impact of current measures.

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the tremendous hardships of the coronavirus outbreak, including more money for state and local governments and small businesses. More than 30 million Americans have joined the unemployment benefit rolls over the past six weeks and lawmakers on Capitol Hill are discussing a fourth coronavirus relief bill. Some advisers to Republican President Donald Trump have said the need for another stimulus bill is not yet clear. We are in discussions internally and with leading members of Congress.Congress has not met in regular session since March, though it has passed major coronavirus relief bills worth nearly $3 trillion. House Speaker Nancy Pelosi, a Democrat, said money for states and cities would be the core of the next legislative package Democrats draft.

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the tremendous hardships of the coronavirus outbreak, including more money for state and local governments and small businesses. REUTERS/Kevin Lamarque/File PhotoMore than 30 million Americans have joined the unemployment benefit rolls over the past six weeks and lawmakers on Capitol Hill are discussing a fourth coronavirus relief bill. Some advisers to Republican President Donald Trump have said the need for another stimulus bill is not yet clear. We are in discussions internally and with leading members of Congress.Congress has not met in regular session since March, though it has passed major coronavirus relief bills worth nearly $3 trillion. House Speaker Nancy Pelosi, a Democrat, said money for states and cities would be the core of the next legislative package Democrats draft to respond to the virus.

"We waited a little bit too long, I thought, when the last tranche ran out," Kudlow said of the small business loan program. There were over 1.6 million loans approved in the first round of funding. Since then, the SBA appears to have approved more smaller loans, a signal that more money is going to smaller companies. In the first round of the program, the average size of a loan was $206,000, with over 1.2 million loans approved that were worth $150,000 and under. In this latest round, the average loan size is $79,000 with more than 1.5 million loans approved worth $50,000 and under.

Dow Jones Industrial Average drops 622 pointsThe Dow closed 622.03 points lower, or 2.55%, at 23,723.69. Stocks slumped on Friday as shares of Amazon led the major indexes lower on the month's first day of trading. Amazon, Apple fall on quarterly announcementsAmazon shares fell 7.6% after it said it will spend all its second-quarter profits on its coronavirus response. Apple also slid 1.6% after announcing flat revenue growth and not giving guidance for the current quarter amid the coronavirus pandemic. Carnival shares dropped 12.39% while MGM Resorts closed 10.81% lower.

National Economic Council director Larry Kudlow told CNBC on Friday that the United States would hold China accountable for the coronavirus pandemic. How, when, where and why I'm going to leave that up to the president," Kudlow said on CNBC's "Squawk on the Street." China has been criticized by the U.S. and other countries for a lack of transparency about the coronavirus outbreak. Trump said Thursday that he was considering slapping new tariffs on China due to the country's handling of the outbreak. "With respect to future tariff decisions and other measures, that's going to be up to the president," Kudlow said Friday.

White House economic advisor Larry Kudlow said Wednesday that he was in favor of shielding companies from coronavirus-related lawsuits as the administration eyes a speedy reopening of the economy. Kudlow, speaking on on CNBC's "Squawk Box," said that businesses, and particularly small businesses, should not have to face what he called "trial lawyers putting on false lawsuits." The group proposed a "safe harbor" from negligence lawsuits for companies following the guidance of public health authorities. On Monday, President Donald Trump addressed the topic at a White House press briefing, saying "we have tried to take liability away from these companies." "We just don't want that because we want the companies to open and to open strong," Trump said.

President Donald Trump pauses during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Wednesday, April 8, 2020. President Donald Trump is planning to launch a second coronavirus task force that focuses on the economic devastation caused by the pandemic, NBC News reported Thursday, citing a senior administration official. Trump could announce the task force as soon as this week. The Washington Post first reported on the task force. It was unclear when or where the idea of an economic task force first took root.

My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year "war bond" to finance our battle against the coronavirus. Patriotic Americans snapped up the bonds and helped finance the war efforts. I have long been in favor of the U.S. extending the maturity of its borrowings since the Great Recession drove interest rates to record lows. Some investors have speculated that the Federal Reserve may put a cap on Treasury yields all along the yield curve. Now, the Fed cannot guarantee that it will hold 30-year bond yields at, or below, 2% forever.

Some small-business owners are growing increasingly worried that loan money being distributed as part of the coronavirus relief package will run out before they can access funds. The Paycheck Protection Program, which is being overseen by the Small Business Administration, will pay out up to $349 billion in forgivable loans to businesses with 500 or fewer employees. Businesses can qualify to have eight weeks of their loan forgiven if funds are used for certain business expenses, such as payroll and rent. The Small Business Administration approved 130,000 loans worth $38 billion as of 9:30 a.m. on Monday, according to Larry Kudlow, director of the National Economic Council. Business owners like Doug Trovinger are afraid there won't be any money left by the time his application is processed.

Jonathan Ernst | ReutersThe $2 trillion federal stimulus package signed into law by President Donald Trump on Friday, March 27, will be a lifeline to many gig workers and freelancers. Known as the CARES Act, the law takes unprecedented steps in including the self-employed in the social safety net. It offers freelancers unemployment insurance, for which they generally don't qualify, on a large scale for the first time. But Espinal and other advocates for freelancers and the self-employed say it is imperative that economic aid arrive quickly for freelancers. MBO Partners, a firm in Herndon, Virginia, that provides back office services to independent workers and studies the independent workforce, has been talking with senior leaders at the U.S. Treasury and major U.S. banks to make sure that independent workers can access the resources available through the law, according to Gene Zaino, chairman of MBO Partners.

Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, March 24, 2020. Photographer: Oliver Contreras/Sipa/Bloomberg via Getty ImagesPresident Donald Trump and his top economic aide Larry Kudlow suggested Tuesday that a massive coronavirus stimulus bill could provide the foundation for an economic revival in the United States. "Our people want to return to work," Trump tweeted. Meanwhile, Kudlow told reporters at the White House that the economic stimulus bill in Congress could set the country up for a rebound in the U.S. economy in the second half of 2020. That relief could come soon after the White House's 15-day guidelines on social distancing expire next week, Kudlow said.

America will again and soon be open for business, Trump told a White House news conference. Trump senior economic adviser Larry Kudlow signaled a possible policy change in an earlier interview with Fox News on Monday: The president is right. Were going to have to make some difficult trade-offs.The White House would look at a number of things, he said. Republican Senator Lindsey Graham, a Trump confidant, cautioned against prematurely lifting containment rules because of concerns about the economy. While Trump ponders ways to reopen at least parts of the economy, some advisers are warning that the spread of the virus is worsening.

Stocks fell sharply on Monday as U.S. lawmakers failed to push through massive fiscal stimulus to curtail the economic blow from the coronavirus. Talks are ongoing, but investors believe the longer Washington waits, the greater the damage to the economy. The Dow Jones Industrial Average closed 582.05 points lower, or down 3.1%, at 18,591.93, its lowest closing level since November 2016. For a second time in less than 24 hours, a bill that would authorize giant fiscal spending to stimulate the economy failed to clear a key procedural hurdle. Senate Minority Leader Chuck Schumer, D-NY, said Monday afternoon after the second failure that he and Mnuchin would meet again to try and work out a deal.

WASHINGTON (Reuters) - Republicans and Democrats in the U.S. Senate on Saturday scrambled to complete a deal on a $1 trillion-plus bill aimed at stemming the coronavirus pandemics economic fallout for workers, industries and small businesses. The past two days of intense bipartisan talks are very close to a resolution, said Senate Majority Leader Mitch McConnell, who intends to hold a vote to pass the sprawling package on Monday. He said he has asked committee chairmen to produce final language for the bill by late Saturday. Democratic leader Chuck Schumer, who met twice on Saturday with Treasury Secretary Steven Mnuchin, agreed that progress was being made. The prospective legislation already includes $58 billion in loans and loan guarantees for passenger airlines and air cargo carriers.

White House chief economic adviser Larry Kudlow speaks to reporters about the Trump administration's response to the financial issues surrounding the coronoavirus outbreak, at the White House in Washington, U.S. March 16, 2020. REUTERS/Jonathan ErnstWASHINGTON (Reuters) - The White House expects the impact of economic stimulus to counter the effects of coronavirus to be more than $2 trillion, including around $1.4 trillion from a prospective U.S. Senate bill, aides said on Saturday. White House economic adviser Larry Kudlow told reporters he expects the coronavirus stimulus package being negotiated by the Senate this weekend would be worth about $1.3 trillion or $1.4 trillion. U.S. Senate Democratic Leader Chuck Schumer on Saturday said lawmakers were making very good progress on the Senate package. I have every expectation that this progress will continue throughout the day, Schumer said.

The stimulus package under negotiation in the Senate to combat the economic damage from the coronavirus pandemic will likely total more than $2 trillion, White House Economic Advisor Larry Kudlow said on Saturday. It's a major escalation at roughly twice the size of the package the administration requested only several days ago. The proposed $2 trillion package is the third coronavirus relief package. President Trump this week signed a $100 billion aid package that includes provisions for emergency paid leave for workers and free testing. The Trump administration is under pressure over the shortage of important medical supplies.

During Thursday's briefing, Mr. Trump spoke at length about the drug Hydroxychloroquine, suggesting it has "tremendous promise." On another front, Mr. Trump, announced that last night he put the Defense Production Act "into gear" to boost the production of ventilators and masks. They will be here soon, we're having them shipped directly to states," Mr. Trump said on Friday. "There's tremendous spirit to get something done, so we'll see what happens," Mr. Trump said Friday. "I don't think so," Mr. Trump responded when asked about such a possibility.

Wall Street's Joseph LaVorgna is joining the White House's National Economic Council as chief economist and will report to NEC Director Larry Kudlow. LaVorgna had been chief economist Americas at Natixis, and chief U.S. economist at Deutsche Bank, where he had worked for more than 20 years. LaVorgna joined the NEC this week, and he will also be special assistant to President Donald Trump. LaVorgna said he will immediately be tasked with working on analyzing the economic impact of the coronavirus and advising Kudlow of key financial developments. "I am honored to serve my country in these extraordinary times and to work for President Trump and my long-time friend Larry Kudlow," he said.

At the same time, Commerce said it was renewing a temporary general license that permits companies in the United States to do business with Huawei on a limited basis, such as to provide security updates to Huawei devices. On Sunday, Trump tweeted that the United States is "doing very well with China, and talking!" The United States has long argued that Huawei poses a national security threat, and has claimed Beijing can use the company's products to spy on other nations. Huawei smartphones run on Google's Android operating system and come with popular apps like Google Maps and Gmail. Without access to Google services, Huawei's devices become a lot less attractive to users outside of China.