The U.S. lost a stunning 22 million jobs in March and April at the beginning of the coronavirus pandemic, with only about half of those numbers returning in the following seven months. With weekly jobless claims remaining high, voters might want to know more about what former Vice President Joe Biden and President Donald Trump intend to do on the issue of labor.
Biden has pledged to do whatever it takes to help jobs recover through direct stimulus payments. His plan includes funding for state and local governments to keep essential workers on their payrolls and federal payouts to supplement state unemployment checks.
Meanwhile, Trump favors tax cuts and deregulation to stimulate the economy but concedes that another infusion of cash stimulus is likely needed. The president also extended federal unemployment benefits for six weeks after they were set to expire in July but at a lower rate of $300 a week, half the amount of the earlier benefit.
Both candidates support tax incentives for manufacturers to keep jobs at home. Biden even proposes tax penalties for those businesses that ship manufacturing jobs overseas with the intention of selling finished products back into the U.S.
Whoever wins the election in November faces a daunting task, with millions still out of work, consumer spending slowing down, and a resurgence in coronavirus cases adding to the economic woes.
California Governor Gavin Newsom is projected to keep his job. Around two-thirds of the votes have been reported, and roughly 64% of those votes are in favor of keeping Newsom as their governor.
Daniel Strauss, senior political correspondent at The New Republic, joined Cheddar's Opening Bell to discuss more about what Newsom's win means to both political parties moving into Midterm elections season.
The Department of Justice is suing Texas over the state's new abortion law that prohibits abortions after six weeks, well before many women even know they're pregnant. The lawsuit argues the law is unconstitutional under long-standing Supreme Court precedent. It was filed last week in federal court in Texas, but could go all the way to the high court within weeks. Josh Blackman, a constitutional law professor at South Texas College of Law Houston, discusses the DOJ lawsuit and what it could mean for other abortion laws across the country.
26 states have now fully vaccinated more than half of their population with Vermont, Connecticut, and Massachusetts fully vaccinating at least two-thirds of their residents. These three states are among the ones with the lowest new Covid-19 cases per capita, but in states with low vaccination rates, hospitals are filling up again.
Dr. Rob Davidson, ER doctor and executive director of Committee to Protect Health Care, joined Cheddar's Opening Bell to discuss more.
The Biden Administration has officially extended a ban on a Trump-era policy that prohibits traveling with a U.S. passport to North Korea. The extension is expected to last until August 2022. The ban was initially enforced after the death of Otto Warmbier, who entered a vegetative state while in North Korean custody. Advocates against the ban argue that it has caused crippling impacts on Korean Americans who have not been able to reunite with their families back home. Senior Fellow at The Foundation For Defense of Democracies Anthony Ruggiero joined Cheddar's News Wrap to discuss more.
