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
David Pressman, an attorney for Lt. Col. Alexander Vindman, accused Trump of exacting revenge and said Vindman was asked to leave for “telling the truth.”
Cybereason's Chief Information Security Officer Israel Barak discussed with Cheddar about preparing for beyond the standard fears of hacking votes.
As the Department of Homeland Security revokes the option of enrolling in travel-expediting programs like Global Entry, some lawmakers looked at the move as retaliation against New York for
The U.S. economy added 225,000 jobs in January, while unemployment ticked up to 3.6 percent, according to a report released today from the U.S. Bureau of Labor Statistics.
In his first public remarks after being acquitted by the Senate, the president took a victory lap, praising individual Republican lawmakers, applauding his defense team, and defending his conduct from the East Room of the White House
Many teens have already moved on to disposable vapes, which are exempt from the federal ban in a major loophole.
These are the headlines you Need 2 Know for Thursday, February 6, 2020.
Following the impeachment and acquittal of President Donald Trump after a bitter partisan battle, Americans now face a new reality that involves serious questions about the ability of the federal government to respect longheld balances of power.
The Senate voted to acquit the president on both counts, 52-48 on abuse of power and 53-47 on obstruction of Congress, after a 12-day impeachment trial, the shortest ever.
An institution that often calls its interest-rate stance “data-dependent,” the Fed is increasingly recognizing that some privately produced data is nearly as accurate as — and often timelier than — the government reports that it has long depended upon.
