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
Sec. Ryan McCarthy, a former Army Ranger and Lockheed Martin executive, told Cheddar in an interview on Tuesday that "the border wall is a national security issue."
Democrats and Republicans in the Granite State are finding themselves in agreement on opening its border with Canada to import cheaper drugs for its citizens suffering under onerous domestic pricing issues.
World Health Organization's leader Dr. Tedros Adhanom Ghebreyesys revealed the name of the disease currently afflicting China and other parts of the world: COVID-19 (a mashup of "Coronavirus Disease 2019).
Revelstoke Coffee in Concord, N.H., has become an important pitstop this year for presidential candidates, giving locals a chance to meet with those vying for their votes.
Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China.
These are the headlines you Need 2 Know for Tuesday, February 11, 2020
The plan proposes increasing military spending slightly and lowering non-defense spending, seemingly bucking the agreement made by Congressional leaders and the White House this summer that passed both chambers with bipartisan support.
Despite more businesses being owned by women and women of color, National Women's Business Council member Shelonda Stokes notes it's only the beginning of the story.
These are the headlines you Need 2 Know for Monday, February 10, 2020.
Three days before the critical New Hampshire Primary, seven Democratic presidential candidates debated, with many of them fighting to survive in the race to challenge President Donald Trump.
