Former US Vice President and Democratic presidential hopeful Joe Biden speaks about COVID-19, known as the Coronavirus, during a press event in Wilmington, Delaware on March 12, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
Former Vice President Joe Biden focused his televised remarks on coronavirus Thursday on protecting and supporting American workers, emphasizing the importance of accurate and honest information about the spread of COVID-19, and criticizing the Trump administration's handling of the crisis.
Speaking from Delaware, the state he represented in Congress for nearly 40 years, the former vice president criticized President Donald Trump for hollowing out government agencies, presenting guidance contradicting health officials, and failing to act quickly to understand and track the outbreak.
"Unfortunately this virus laid bare the severe shortcomings of the current administration. Public fears are being compounded by a pervasive lack of trust in this president. Fueled by adversarial relationships with the truth that he continues to have," he said.
Biden released his own plan in response to the spread of coronavirus, calling it a roadmap for what to do right now and invited the current administration to follow its guidelines while also slamming the White House for its "severe shortcomings" during the crisis.
"President Trump is welcome to adopt all of it today," he said of the strategy posted to his website, which proposes free testing and treatment, emergency paid leave to individuals affected, and "mounting an effective national emergency response."
The current Democratic primary frontrunner also announced a shift in his campaigning plans going forward, with virtual events replacing upcoming rallies and gatherings. Some U.S. states have already banned large, public gatherings.
Biden's remarks come as Congress, struggling to pass a bipartisan aid package, suspended its recess scheduled for next week. It was revealed the President had met a Brazilian official on Saturday who has since tested positive for the novel coronavirus. Despite this, the president not been tested according to the White House.
The former vice president also hearkened back to his time in the Obama administration and its handling of the Ebola crisis, which struck in 2014, and pointed out the Trump administration's elimination of the office that President Obama relied on during that outbreak.
Though vaccines will take some time, Biden said that therapeutics should be available soon and referenced the 21st Century Cures Act he had championed when it passed during his time in office. The law expedited the testing and approval of experimental medical treatments.
Of the likely economic impacts of the COVID-19 outbreak, the former VP said, "This crisis will hit everyone, but it will hit folks who live paycheck to paycheck the hardest, including working people and seniors, Another tax cut to Google or Goldman or millionaires won't get the job done."
Biden's rival Senator Bernie Sanders delivered his own remarks later in the day on how to respond to the crisis on Thursday afternoon as well, and former candidate Senator Elizabeth Warren delivered her own remarks on the coronavirus weeks ago before she dropped out of the race.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
