Kudlow Doesn't See Significant Barriers for Small Business Loans




 

(Bloomberg) -- White House chief economic adviser Larry Kudlow said he doesn't see any barriers to the biggest American banks delivering loans to small businesses starting immediately and that there's a "gigantic" list of banks involved in the process.

"They are ready to go," Kudlow said Friday in a Bloomberg Television interview, adding that leading bankers were talking to Treasury Secretary Steven Mnuchin right up until the deadline yesterday. "I don't see any barriers and roadblocks," he said, though allowed that "there may be some small glitches."

President Donald Trump's top economic adviser spoke just after Labor Department data showed payrolls fell 701,000 last month in the first decline since 2010.

Separately Kudlow said the Trump administration never looked in any serious way at rolling back tariffs. "There is no tariff pullback right now," Kudlow says, adding "individual cases can be examined." Pulling tariffs would send the wrong signal on trade policy, and agreements made before the pandemic should be maintained, he said.

"I would not expect to see any movement on tariffs right now," he said.

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.

COMMENTS

More Related News

Trump says he is mobilizing
Trump says he is mobilizing 'heavily armed' military to stop protests

In a dramatic escalation of a national crisis, National Guard troops were deployed near the White House Monday evening hours after President Donald Trump said he wanted a military show of force against violent protests gripping the country. Shortly after, Trump came to the White House Rose Garden to

As Protests and Violence Spill Over, Trump Shrinks Back
As Protests and Violence Spill Over, Trump Shrinks Back

WASHINGTON -- Inside the White House, the mood was bristling with tension. Hundreds of protesters were gathering outside the gates, shouting curses at President Donald Trump and in some cases throwing bricks and bottles. Nervous for his safety, Secret Service agents abruptly rushed the president to the underground bunker used in the past during terrorist attacks.The scene Friday night, described by a person with firsthand knowledge, kicked off an uneasy weekend at the White House as demonstrations spread after the brutal death of a black man in police custody under a white officer's knee. While in the end officials said they were never really in danger, Trump and his family have been...

In Minneapolis and across America, another night of anger
In Minneapolis and across America, another night of anger
  • US
  • 2020-06-01 11:29:00Z

Many of America's major cities remain under curfew orders as National Guard forces watch and patrol.

Trump took shelter in White House bunker as protests raged
Trump took shelter in White House bunker as protests raged
  • World
  • 2020-06-01 02:09:28Z

Secret Service agents rushed President Donald Trump to a White House bunker on Friday night as hundreds of protesters gathered outside the executive mansion, some of them throwing rocks and tugging at police barricades. Trump spent nearly an hour in the bunker, which was designed for use in emergencies like terrorist attacks, according to a Republican close to the White House who was not authorized to publicly discuss private matters and spoke on condition of anonymity. The account was confirmed by an administration official who also spoke on condition of anonymity.

Fiery Clashes Between Police and Protesters Spread Through U.S.
Fiery Clashes Between Police and Protesters Spread Through U.S.

Protesters who took to the streets in Minneapolis for the fifth straight night Saturday met a more determined response from police officers and National Guard troops, as demonstrations escalated in dozens of cities across the country -- an outpouring of national anger sparked by the death of a black

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America