Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

White House economic adviser Larry Kudlow told reporters on Wednesday that he does not believe systemic racism exists in the U.S., despite historic discrimination against black Americans in the job market, the housing market and the disproportionate impact the coronavirus pandemic has had on racial minorities.

Driving the news: More than two weeks of nationwide Black Lives Matter protests in the wake of George Floyd's killing has prompted politicians and businesses to publicly denounce racism in the U.S. and call for policy changes to address structural inequalities.

What he's saying: "I don't believe there's systemic racism in the U.S. I'm not gonna go into a long riff on it. Black employment increased 300,000, did you know that? You didn't, right. So, that's a big win. And the black employment-to-population ratio went up over a percentage point. That's a big win."

  • "We do believe that returning to growth and prosperity creates opportunities for everybody. And we have also worked very hard putting out about a thousand opportunity zones with various tax regulatory breaks. ... We've given a lot of money to historic black colleges and universities. We've worked for very strong criminal justice reforms," Kudlow said.
  • "I will say it again: I do not," Kudlow responded when a reporter asked again if he believed there is systemic racism against African Americans in the U.S.
  • "I think the harm comes when you have very bad apples on the law enforcement side. What was done to Mr. Floyd was abysmal. I believe everyone in this country agrees with that. I think scholars like Heather Mac Donald and others have rebutted that. And I think there will be reforms," he said.
  • "I think part of this coming back together ... the president is a law and order man. Law and order is good for growth. Law and order is good for families. Law and order is good for people of all colors — it's a unifying message."

Where it stands: Under half of black adults in the U.S. currently have a job amid mass unemployment caused by the coronavirus pandemic — a rate lower than Hispanic, Asian and white Americans, per the New York Times.

Go deeper

Trump says he "up-played" the coronavirus

President Trump said during an ABC town hall Tuesday evening that he did not downplay the coronavirus, adding "in many ways, I up-played it in terms of action."

Reality check: The president told journalist Bob Woodward during an on-the-record interview in March that he intentionally understated the severity of COVID-19 in public statements to avoid inciting panic.

Read: Former Vice President Walter Mondale's last message

Photo courtesy of Mondale.

Former Vice President Walter Mondale wrote a farewell letter to his staff, sent upon his death on Monday, thanking them for years working together.

Dear Team,

Well my time has come. I am eager to rejoin Joan and Eleanor. Before I Go I wanted to let you know how much you mean to me. Never has a public servant had a better group of people working at their side!

Together we have accomplished so much and I know you will keep up the good fight.

Joe in the White House certainly helps.

I always knew it would be okay if I arrived some place and was greeted by one of you!

My best to all of you!

Fritz

Former Vice President Walter Mondale dies at 93

Walter Mondale, left, with former President Jimmy Carter in Jan. 2018 at the McNamara Alumni Center on the University of Minnesota's campus in Minneapolis. Photo: Anthony Souffle/Star Tribune via Getty Images

Walter Mondale, who transformed the role of U.S. vice president while serving under Jimmy Carter and was the Democratic nominee for president in 1984, died Monday at 93, according to a family spokesperson.

The big picture: President Biden, who was mentored by Mondale through the years, said in 2015 that the former vice president gave him a "roadmap" to successfully take on the job.