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.
Read More on Trump and Biden's Plans:
Trump vs. Biden on Raising the Federal Minimum Wage
Biden vs. Trump on Student Loans and Higher Education
Voters in all five states with cannabis-related initiatives on the ballot approved those measures by wide margins, representing a clean sweep for the industry — and significant upside for the U.S.-focused cannabis companies.
President-elect Joe Biden is cheering news about the promising development of a coronavirus vaccine, but cautioned Americans need to be aggressive about mask wearing and social distancing as infections continue to surge around the country.
President-elect Joe Biden on Monday named the members of a team of public health and science experts to develop a blueprint for fighting the coronavirus.
President-elect Joe Biden and Vice President-elect Kamala Harris made their victory speeches Saturday night.
Democrat Joe Biden defeated President Donald Trump to become the 46th president of the United States on Saturday, positioning himself to lead a nation gripped by historic pandemic and a confluence of economic and social turmoil.
Kamala Harris made history Saturday as the first Black woman elected as vice president of the United States, shattering barriers that have kept men — almost all of them white — entrenched at the highest levels of American politics for more than two centuries.
Democrat Joe Biden has overtaken President Donald Trump in Pennsylvania and Georgia. That puts Biden on the cusp of winning the presidency since the election hinges on the outcome of tight contests in those battleground states.
The outcome of contests in Georgia, North Carolina, Pennsylvania, and Nevada will determine whether Democrat Joe Biden or President Donald Trump wins.
Former Missouri Secretary of State, Robin Carnahan, joined Cheddar to discuss the 'Count Every Vote' initiative that was started by the National Council on Election Integrity. Carnahan also talks about the record vote-by-mail numbers this year.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
