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.
A 71-year-old Illinois man accused of fatally stabbing a 6-year-old boy and seriously wounding a 32-year-old woman was charged with a hate crime Sunday.
Republicans chose Rep. Jim Jordan as their new nominee for House speaker on Friday during internal voting, putting the gavel within reach of the staunch ally of GOP presidential front-runner Donald Trump.
American citizens in Israel can start leaving the country on charter flights starting Friday after the State Department said flights will take Americans and immediate family members to either Athens, Greece or Frankfurt, Germany.
The Israeli military has ordered the 1.1 million residents of northern Gaza to evacuate to the south within 24 hours as U.S. Defense Secretary Lloyd Austin arrived in Israel.
U.S. Sen. Bob Menendez of New Jersey faced a new charge Thursday that he conspired to act as an agent of the Egyptian government, a remarkable accusation against a Democrat who had a powerful role in U.S. policy as head of the Senate’s Foreign Relations Committee.
An Israeli ground offensive in the Gaza Strip would further escalate the war raging since Hamas launched its unprecedented attack, killing hundreds of civilians.
