David Sherfinski

Economy shows signs of inching back from coronavirus lockdowns

Stocks surged Tuesday on better-than-expected retail sales numbers and hopes for more stimulus as the Federal Reserve pledged to continue supporting a U.S. economy showing signs of inching back from the coronavirus-related lockdowns.

June 16, 2020

Jerome Powell: ‘Reasonable probability’ that Congress, Fed will need to do more for recovery

Federal Reserve Chairman Jerome Powell on Tuesday said it's a reasonable proposition that Congress will have to pass more rescue legislation to support a U.S. economy trying to bounce back from the coronavirus-related lockdowns.

June 16, 2020

Jerome Powell warns of ‘unsustainable’ path for federal budget

Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. is going to face a long-term reckoning on an ever-increasing national debt, even as an infusion of federal spending is giving the economy a short-term boost during the coronavirus pandemic.

June 16, 2020

Jerome Powell: ‘Significant uncertainty’ about timing and strength of economic recovery

Federal Reserve Chairman Jerome Powell said Tuesday there are some positive indicators pointing to a stabilization or modest economic rebound amid the coronavirus pandemic but that "significant uncertainty" remains about prospects for longer-term recovery.

June 16, 2020

Mick Mulvaney floats civil service overhaul for next stimulus package

Former acting White House Chief of Staff Mick Mulvaney on Tuesday said the next coronavirus rescue package should include mechanisms to start dialing back the scope of the federal government after Congress has authorized close to $3 trillion in spending in recent months.

June 16, 2020

Joe Biden fundraiser featuring Elizabeth Warren brings in $6 million

Presumptive Democratic presidential nominee Joseph R. Biden brought in $6 million at a fundraising event on Monday that featured former 2020 rival Sen. Elizabeth Warren of Massachusetts as Mr. Biden looks to make up ground in the money game.

June 16, 2020

Ben Carson: Donald Trump will ‘get there’ on athletes kneeling for anthem

Ben Carson, secretary of the U.S. Department of Housing and Urban Development, suggested Monday that President Trump might soften his hard-line stance against athletes and others kneeling during the National Anthem before games as a form of social protest.

June 15, 2020

Larry Kudlow: We do not believe this is a second coronavirus wave

White House economic adviser Larry Kudlow on Monday said officials do not believe a mini-resurgence of the coronavirus in some southern and western states constitutes a "second wave" of COVID-19.

June 15, 2020

Ben Carson: ‘Of course’ America is not systemically racist

Ben Carson, secretary of the U.S. Department of Housing and Urban Development, said Monday that "of course" the U.S. is not systemically racist.

June 15, 2020

White House: Executive order to be ‘good glue’ to unite communities and police

Ja'Ron Smith, deputy assistant to President Trump, said Monday that Mr. Trump's forthcoming executive order on policing will be "good glue" to try to bring law enforcement closer to the communities they serve amid national calls for change.

June 15, 2020

Trump campaign, RNC post best online fundraising day ever on Sunday

The Trump campaign and the Republican National Committee combined to post their best-ever online fundraising day on Sunday with a $14 million haul.

June 15, 2020

Tomika Miller, wife of Rayshard Brooks, calls for jailing of officers involved in Brooks’ death

Tomika Miller, the wife of Rayshard Brooks, said the Atlanta police officers involved in her husband's killing deserve to be jailed.

June 15, 2020

Scott Gottlieb and AEI scholar agree: Officials have to stop politicizing mask-wearing

Dr. Scott Gottlieb, a former head of the U.S. Food and Drug Administration under President Trump, said in a new opinion piece that officials from Mr. Trump on down need to stop politicizing coronavirus mitigation efforts like mask-wearing as cases start to increase again in pockets of the U.S.

June 15, 2020

Coronavirus summer spike feared as experts warn of ‘reverse’ seasonal effect

Summertime cookouts, beach parties and massive protests against racial injustice are happening outside, giving the coronavirus a chance to drift off with the breeze and tempering fears of a second wave of infections. But as the mercury climbs, experts also warn of a "reverse" seasonal effect.

June 11, 2020

Larry Kudlow: Fed’s Jerome Powell ‘could lighten up a little’

White House economic adviser Larry Kudlow on Thursday suggested that Federal Reserve Chairman Jerome Powell could stand to "lighten up a little" after Mr. Powell warned this week that the nascent economic recovery from the coronavirus-related shutdowns could end up being long and slow.

June 11, 2020

White House on Seattle: Trump ‘will secure the streets,’ stop Antifa

The White House on Thursday said President Trump will secure the streets in the country and that the U.S. military is an "absolute last resort backstop" after Mr. Trump threatened to intervene in Seattle amid new unrest on the West Coast.

June 11, 2020

Steven Mnuchin: We can’t shut down the economy again

Treasury Secretary Steven T. Mnuchin said on Thursday the U.S. cannot shutter the economy again amid small pockets of a coronavirus resurgence in some states.

June 11, 2020

Joe Biden: Trump is going to try to ‘steal’ the election

Likely Democratic presidential nominee Joseph R. Biden on Wednesday predicted that President Trump will try to "steal" the fall election and said he's thought about what would happen if Mr. Trump refuses to cede power if he loses.

June 11, 2020

Ron Johnson: We don’t need to authorize more coronavirus-related spending right now

Sen. Ron Johnson, Wisconsin Republican, on Thursday said he would absolutely vote against authorizing more coronavirus-related economic rescue spending right now.

June 11, 2020

Dr. Ashish Jha, Harvard health expert, says the U.S. will hit 200,000 coronavirus deaths in Sept.

Dr. Ashish Jha, the director of the Harvard Global Health Institute, on Thursday said the U.S. will likely see 200,000 coronavirus-related deaths in the next three months or so and that recent protests on police brutality are going to fuel more cases.

June 11, 2020