May 10, 2018

Mike Pence calls on Mueller investigation to "wrap it up"

Image: Screenshot: The Today Show

Speaking with Andrea Mitchell on the Today Show Thursday, Vice President Mike Pence said that Robert Mueller's investigation has been dragging on, and "in the interest of the country, I think it's time to wrap it up."

The backdrop: This is the first time Pence has weighed in on the investigation. Unlike Press Secretary Sarah Sanders, who has repeatedly said the probe "has gone too far," and President Trump, who constantly refers to the probe as a "hoax" and a "witch hunt," Pence is being far less aggressive in his criticism of the special counsel.

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Wall Street notches worst week for stocks since 2008

Traders work on the floor of the New York Stock Exchange. Photo: Scott Heins/Getty Images

Stocks closed down about 1% on Friday, ending the worst week for Wall Street since the financial crisis.

Why it matters: The stretch of declines came after a spike in coronavirus cases around the world earlier this week. The steep losses prompted questions about the fate of the record-long economic expansion, as well as a rare statement from the Federal Reserve.

Go deeper: The growing coronavirus recession threat

Federal Reserve: Coronavirus poses "evolving risk" to the economy

Federal Reserve chairman Jerome Powell. Photo: Sarah Silbiger/Getty Images

Federal Reserve chairman Jerome Powell took the rare move Friday of issuing a statement meant to reassure investors, one that opened the door to a possible interest rate cut.

Why it matters: The Fed rarely issues statements like this outside of policy meetings and scheduled public appearances. It came as the stock market continues its steep decline this week. Stocks briefly pared some losses after the 2:30 p.m. EST statement came out.