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
The late Supreme Court Justice Ruth Bader Ginsburg lay in state at the U.S. Capitol on Friday, the first woman in American history so honored at the domed building.
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.
Dr. Paul Stoffels, chief scientific officer at Johnson & Johnson, joined Cheddar to discuss phase three COVID-19 vaccine trials. More than 60,000 people worldwide have volunteered to be part of the study.
A closer look at some key areas where Ginsburg was most influential reveals a jurist who defied easy ideological categories, especially when it came to business.
The pandemic is now striking cities with much smaller populations, often in conservative corners of America where anti-mask sentiment runs high.
Ohio Rep. Bob Latta joined Cheddar to discuss new safety legislation he's introduced for autonomous vehicles. The Self-Drive Act will create a national standard for operation of self-driving cars.
Democrats are going back to the drawing board on a huge virus relief bill. House Democrats say they are paring back their proposal in an attempt to jump-start negotiations with the Trump administration.
Dr. Jo Jorgensen, the 2020 Libertarian candidate for President, joined Cheddar to discuss her role in this year's election and whether third party candidates dictate the outcome. Jorgensen also provides her position on mask wearing when it comes to mitigating the spread of COVID-19.
As undocumented immigrants navigate life in America, we're hearing a firsthand account of what it's like seeking higher education while being undocumented. Sarahi Espinoza Salamanca, founder and CEO of DREAMers Roadmap, joined Cheddar to discuss how to app helps other undocumented immigrants find funds to pay for school.
California plans to ban the sale of new gasoline-powered passenger cars and trucks in 15 years.
