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
In the aftermath of earthquakes, one of the U.S. territory’s top architects is making the case for short-term assistance combined with long-term vision.
When President Bill Clinton was impeached more than 20 years ago, the Senate leaders who controlled his fate say they sought to appear neutral and separate from the White House and wanted to make the trial a bipartisan process. At least that’s how Trent Lott and Tom Daschle remember it today.
House Speaker Nancy Pelosi called Facebook’s behavior “shameful” during her weekly press conference Thursday.
The federal government's watchdog agency said Thursday a White House office violated federal law in withholding security assistance to Ukraine.
These are the headlines you Need 2 Know for Thursday, January 16, 2020.
The House delivered the articles of impeachment against President Donald Trump to the Senate Wednesday hours after Speaker Nancy Pelosi named seven managers to handle prosecute the trial.
“[Trump] would win right now because the Democrats have not succeeded in making this election a referendum on Trump,” longtime Republican and political strategist Rick Wilson told Cheddar on the eve of another sort of referendum — the president’s impeachment trial.
President Trump signed a so-called "phase one" trade deal with China on Wednesday, signaling a détente in a protracted trade war that resulted in hundreds of billions of dollars of tariffs being exchanged on exports between the world's two largest economies over the better part of two years.
Weeks after the White House unexpectedly derailed a bipartisan tax deal for electric vehicles, offshore wind energy, and other major green priorities, dozens of emissaries from the nation’s renewable energy industries and environmental advocacy groups are gathering in the nation’s capital to begin charting their green-energy push for 2020 — and to dissect what went wrong in the final hours of its 2019 influence campaign.
Here are the headlines you Need 2 Know for Wednesday, January 15, 2020.
