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.
Ursula Perano, politics reporter at the Daily Beast, joins Cheddar Politics to discuss the wave of 30 House Democrats retiring or not seeking re-election in November.
Jimmy Hoover, Supreme Court editor-at-large for Law360, joins Cheddar Politics to discuss the high court's latest ruling in an Alabama gerrymandering case that could end up further chipping away at the Voting Rights Act.
GLAAD, the media watchdog for the LGBTQ community, released its “Where We Are on TV” report last week, with updated data on the entertainment industry. Rich Ferraro, chief communications officer for the non-profit organization, joined Cheddar News to talk about the progress that has been made on media representation and what's at stake in the process of humanizing queer people in popular culture as a recent backlash in legislative trends demonstrated. "We just saw the news yesterday in Texas, a move from Governor Abbott that would try to pull trans youth away from their parents for receiving gender-affirming care," Ferraro said. "And television and entertainment can be a frontline to preventing such anti-LGBTQ legislation from moving forward."
Russia's invasion of Ukraine has begun. Explosions and sirens were reported across the country early Thursday morning, as Russia launched a wide-ranging attack with shelling, tanks, and missile strikes. Lauren Baer, former State Department Senior Adviser and current Managing Partner at Arena, joined Cheddar to provide the latest update on the crisis.
A six-year battle over equal pay has finally come to an end-- as U.S. Soccer and The United States Women's Soccer Team have agreed to settle their lawsuit. Under the terms of the deal, the athletes will receive $24 million from U.S. Soccer, and a pledge from the federation to equalize pay for the men's and women's national teams. Lily Roberts, Managing Director of the Poverty to Prosperity Team at the Center for American Progress joined Cheddar's Opening Bell to discuss.
President Biden has hit back against Russia’s invasion of Ukraine, unleashing robust new sanctions, ordering the deployment of thousands of additional troops to NATO ally Germany, and declaring that America will stand up to Russia’s Vladimir Putin.
Grant Stark, Director of Research at CapWealth, joins Cheddar News' Closing Bell, where he says that his firm is closely monitoring oil prices amid the geopolitical conflict between Russia and Ukraine, and elaborates on how inflation will continue to be a problem across multiple sectors.
A private prison company plans to run a new pilot program that would place hundreds of migrants caught crossing the U.S.-Mexico border under house arrest. The "home curfew" pilot program is part of "impactful detention reforms," according to a spokesperson for the U.S. Department of Homeland Security. Jacinta Gonzalez, senior campaign organizer with Mijente, joins Cheddar News to discuss.
