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.
White House press secretary Jen Psaki said Tuesday that she has tested positive again for COVID-19 and will not accompany President Joe Biden to Europe for meetings on Russia’s invasion of Ukraine.
Reshma Saujani, the founder of the nonprofit Girls Who Code, discusses the workplace inequities further exposed by the pandemic and her latest book, "Pay Up: The Future of Women and Work (and Why It's Different Than You Think).
Since Russia invaded Ukraine, the United States, along with much of the Western world, has imposed economic sanctions on Russia’s economy and its oligarchs. And these measures are costing these oligarchs — billions. So what exactly is an oligarch and what are their ties to Putin and the ongoing invasion? And will sanctioning them work?
Ketanji Brown Jackson is forcefully defending her record as a federal judge, telling senators she will rule “from a position of neutrality” if she is confirmed as the first Black woman on the high court.
Ukraine remains defiant as the Russian invasion is approaching its fourth week. Cheddar News speaks with Former Obama Campaign Foreign Policy Advisor David Tafuri, on Russia’s war efforts so far and how it might shift tactics moving forward.
While investors soured on Fed Chair Jerome Powell's remarks on interest rates Monday, Anthony Saccaro, Founder and President at Providence Financial explains why he is supportive of the Fed's approach on Cheddar News' Closing Bell.
As Russia continues to wage war in Ukraine, 10 million of its citizens have fled their homes according to the UN, with more and more refugees flooding into other European countries. Nancy Dent, senior global communications officer for Europe and Asia at the aid group International Rescue Committee, joined Cheddar News to discuss the deteriorating conditions. “What's really clear from my time at the border today, in particular, is that people really are fleeing for their lives now," she said. "Two million people, 60 percent of the refugee population from Ukraine is now in Poland, and people are arriving with smaller bags really unprepared."
Will Larkins, president and co-founder of Winter Park High School's Queer Student Union and one of the organizers of its
'Say Gay Anyway' walkout, joined Cheddar News to discuss their recent opinion piece for The New York Times titled "Florida's 'Don't Say Gay' Bill Will Hurt Teens Like Me."
Russia's military advances in Ukraine appear to have stalled, as heavy casualties, equipment losses, and a lack of progress on the ground take a toll. Despite the horrific damage caused by the attack, Ukraine's military has held up better than many experts predicted. Elliot Ackerman, author and Marine Corps Veteran, joined Cheddar's Opening Bell to discuss why Ukraine's defense response been such a surprise, and what a stalemate in the war might look like.
