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.
Wall Street saw another volatile day after the Federal Reserve left rates unchanged for now, with plans to raise rates in March at its next meeting in order to ease inflation. Fed Chair Jerome Powell said the Fed has not made decisions on the size of rate increases, adding that the Fed is not trying to get inflation below two-percent. Ken Johnson, CFA and Investment Strategy Analyst explains why Powell thinks that high inflation is a significant threat to the labor market.
Anu Gaggar, global investment strategist for Commonwealth Financial Network, joined Cheddar News to discuss how global supply chains could be disrupted even further by an armed conflict in Ukraine.
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
A new report by the Foreign Correspondents Club of China warns that press freedom in the most populous country in the world is declining at an alarming speed. Cheddar News speaks with Steven Butler, Asia Program Coordinator at the Committee to Protect Journalists, about the hardships journalists face in China.
Rep. Nancy Mace (R-S.C. 1st District) joined Cheddar to discuss her cannabis legalization bill, the States Reform Act, and the prospects for gaining bipartisan support for a bill that has garnered the endorsement of e-commerce giant Amazon. This legislation is supported by businesses large and small, Amazon obviously being the most recent and largest business to support it," Mace said. "They don't want to sell pot. But what it does do is it affects their working employment pool." She stated that 10 percent of eligible new hires for Amazon are affected by restrictive marijuana laws. The representative also explained that the bill leaves equity provisions up to the states rather than mandating them on a federal level.
After a number of tragic subway incidents, the MTA is facing increased pressure to install subway platform screens to help prevent injury or death. However, according to an earlier report from the MTA, installing these prevented measures isn't feasible. New York City Council Member Keith Powers, joined Cheddar to discuss more.
Across the country, states are working to redraw their congressional lines in what is often known as gerrymandering. These news lines are expected to determine the balance of power between Democrats and Republicans within the next decade. Senior Counsel for the Brennan Center's Democracy Program, Michael Li, joined Cheddar to discuss more.
The state of California is officially planning to close its death row in the next two years. That state's governor Democrat Gavin Newsom says the plan is now to move all condemned inmates to other prisons and turn it into, as he calls it, a positive healing environment. Former U. S. Assistant Attorney and Legal Analyst, David Katz, joined Cheddar to discuss more.
Anthony Saccaro, Founder and President of Providence Financial, joins Cheddar News' Closing Bell, where he elaborates on why he is excited that the market is beginning to rebound and believes February has the potential to be a good month after a turbulent January.
