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
President Donald Trump is back at the White House after staging a dramatic return from the military hospital where he has been receiving an unprecedented level of care for COVID-19.
President Donald Trump says he will leave the military hospital and return to the White House Monday evening.
Former Obama officials say that the protocols in place are up to the task of preserving the continuity of the U.S. government in the event President Trump may be incapacitated.
White House press secretary Kayleigh McEnany says she has tested positive for COVID 19 days after President Trump's diagnosis.
Two days after being hospitalized with COVID-19, President Donald Trump declared, “I get it,” in a message to the nation Sunday before briefly leaving the hospital to salute supporters from his motorcade.
President Donald Trump faces “critical” coming days after a “very concerning” period in his fight against COVID-19 at a military hospital, his chief of staff said Saturday — in contrast to a rosier assessment moments earlier by Trump doctors, who took pains not to reveal the president had received supplemental oxygen at the White House before his hospital admission.
President Donald Trump went through a “very concerning” period Friday and faces a “critical” next two days in his fight against COVID-19 at a military hospital, his chief of staff said Saturday — in contrast to a rosier assessment moments earlier by Trump doctors, who took pains not to reveal the president had received supplemental oxygen at the White House before his hospital admission.
President Donald Trump appeared in public Friday evening for first time since testing positive for COVID-19 as he boarded Marine One for what was expected to be a stay of a “few days” at a military hospital.
Police said they knocked and announced themselves for a minute or more before bursting into Breonna Taylor’s apartment, but her boyfriend said he did not hear officers identify themselves, according to Kentucky grand jury recordings released Friday.
White House chief economist Joe LaVorgna joined Cheddar to discuss the economy's current standing.
