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Photo: Fox Business

Larry Kudlow, the longtime CNBC host who became President Trump's economic adviser, returns to live anchoring today — this time on Fox Business, with "Kudlow," from New York at 4 p.m. ET (repeating at 7 p.m. ET).

Debut guest: Former Trump administration colleague Steven Mnuchin.

In a phone interview, I asked him about covering the Biden economy: "I think the economy is a whole lot stronger than most folks seem to think. ... I'm still in the V-shaped recovery mode. I think many people are far too pessimistic."

  • "I'm not a big political guy; I'm a policy guy. ... I want America to prosper."

On his last conversation with Donald Trump: "I spoke to him on the Thursday afternoon before the inaugural. We had about a 20-minute chat. ... He was very calm. He was very gracious, very complimentary."

  • On whether they'll stay friends: "I hope to. [The reaction to the Electoral College] was disappointing ... I believe he'll get through this. If he ever calls me for some economic advice, I'd be more than happy to give it."

Should Trump run again? "I don't have a view on that. You gotta ask the political sharpies."

On whether it's awkward with CNBC: "Not at all. Several of them emailed and texted: 'Good luck.' I loved my CNBC years. ... But when my agent started having discussions many, many months ago, the Fox opportunity grew larger and larger."

  • "It's funny," Kudlow continued. "We were doing some rehearsing today. I was reading the teleprompter, and I just loved it. We asked some of the top brass to watch. I said: 'How's it look?' And they said: 'You've done this before.'"
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Go deeper

Updated 1 hour ago - Politics & Policy

Here come Earmarks 2.0

DeLauro at a hearing in May 2020. Photo: Alex Wong/Getty Images

The House Appropriations Committee is preparing to restore a limited version of earmarks, which give lawmakers power to direct spending to their districts to pay for special projects.

Why it matters: A series of scandals involving members in both parties prompted a moratorium on earmarks in 2011. But Democrats argue it's worth the risk to bring them back because earmarks would increase their leverage to pass critical legislation with a narrow majority, especially infrastructure and spending bills.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

UN says Paris carbon-cutting plans fall far short

Illustration: Sarah Grillo/Axios

Nations' formal emissions-cutting pledges are collectively way too weak to put the world on track to meet the Paris climate deal's temperature-limiting target, a United Nations tally shows.

Driving the news: This morning the UN released an analysis of the most recent nationally determined contributions (NDCs) — that is, countries' medium-term emissions targets submitted under the 2015 pact.

Biden condemns Russian aggression on 7th anniversary of Crimea annexation

Putin giving a speech in Sevastapol, Crimea, in 2020. Photo: Mikhail Svetlov/Getty Images

President Biden reaffirmed U.S. support for the people of Ukraine and vowed to hold Russia accountable for its aggression in a statement on Friday, the 7th anniversary of Russia's 2014 invasion of Crimea.

Why it matters: The statement reflects the aggressive approach Biden is taking to Russia, which he classified on the campaign trail as an "opponent" and "the biggest threat" to U.S. security and alliances.