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
While Postmaster General Louis DeJoy halted operational changes at the USPS, California Rep. John Garamendi claims the concerted effort to destroy the post office was orchestrated by the Trump administration in order to steal the November election.
A day after Michelle Obama’s passion wowed Democrats on the opening night of the party's national convention, Joe Biden will draw on a collection of his party’s most experienced leaders.
The Postmaster general says he is halting some operational changes until after the November election.
President Donald Trump says he'll pardoned Susan B. Anthony, a leader in the women’s suffrage movement, who was arrested for voting in 1872 in violation of laws permitting only men to vote.
As the USPS rolls back its operational capacity, House Speaker, Nancy Pelosi, is calling ono the postal chief to testify in front of congress. Andrea Thomas Haile, CEO of Vote.org, talks steps states can take to work around USPS limitations.
There was no central meeting place or cheering throng during the all-virtual Democratic National Convention on Monday night. But it was an opportunity for Democrats — and some Republicans — to rally behind Joe Biden, the party's presidential nominee.
As eviction moratoriums are lifted and extra federal unemployment assistance dries up, there is a broad consensus among housing experts that an evictions crisis is inevitable.
The Democratic Party will convene, sort of, amid a pandemic that has upended the usual pomp-and-circumstance of presidential nominating conventions.
The Department of the Interior has approved an oil and gas leasing program within Alaska’s Arctic National Wildlife Refuge.
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.
