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.
Tyler Pager, White House reporter at the Washington Post, and Reecie Colbert, founder of BlackWomenViews Media, join Cheddar Politics to discuss President Biden's Supreme Court nominee Judge Ketanji Brown Jackson. They break down how her nomination came to be and what comes next in her confirmation process.
Joel Rubin, former deputy assistant at Secretary of State & president of the Washington Strategy Group, joins Cheddar News to break down the latest between Russia and Ukraine.
Nicole Goodkind, business and politics reporter at Fortune Magazine, joins Cheddar Politics to break down President Biden's first State of the Union address.
Londoners are facing travel chaos after around 10,000 transport workers walked off their jobs for the second day this week, leaving almost all of the capital’s subway lines suspended or severely disrupted.
Rep. Carolyn Maloney joined Cheddar News after President Biden's State of the Union address to give her reaction and talk about the situation in Ukraine.
UN and Ukrainian officials say no radiation was released from a Russian attack at Europe’s biggest nuclear power plant in Ukraine and firefighters have extinguished a blaze at the facility..
Liz Landers Chief Political Correspondent at Vice News, breaks down the President's address including his stance on the Russian invasion and spotlights historic moments during his speech.
Markets opened higher on Thursday despite ongoing uncertainty amid the Russia-Ukraine conflict. John Petrides, Portfolio Manager, Tocqueville Asset Management joined Cheddar's Opening Bell to discuss early market activity.
Experts warn that social media is a root cause of mental health issues among many young adults. Sen. Tammy Baldwin (D-Wis.), who co-wrote a letter to TikTok demanding why its algorithms promote toxic content, joined Cheddar to discuss.
