Business > Economy

Biden Pitches ‘Buy American' Covid Economic Recovery Plan, Challenging Trump's Strength On Economy

1 month ago   |   By Forbes

The plan promises to bring back the jobs lost to the pandemic this year and to create at least 5 million new jobs.
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Not a ‘racist' plan anymore? Democrats rejoice over Biden's $700bn ‘Buy American' promise

Not a ‘racist' plan anymore? Democrats rejoice over Biden's $700bn ‘Buy American' promise

1 month ago   |   By RT

Joe Biden unveiled a $700 billion 'Buy American' initiative, drawing praise from both liberals and conservatives on social media, but some noted that similar plans by the Trump administration were previously framed as 'racist.'
Biden's economic pitch includes plans for a $400 billion, four-year increase in government spending on US-made goods and services - topped by a $300 billion investment in research and development for US technology.
“ This will be the largest mobilization of public investments in procurement, infrastructure and since World War II ,” Biden's senior adviser Jake...
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Biden releases $700 billion 'Buy American' plan that echoes Trump's economic nationalism

1 month ago   |   By Business Insider

Joe Biden rolled out a $700 billion "Buy American" plan that mirrors Trump's economic nationalism with a renewed focus on domestic manufacturing and job creation in the US.
The two main components anchoring the proposal are a purchasing initiative to bolster demand for US-made goods and services, and investments in research and breakthrough technologies.
Trump campaigned in 2016 to bring back jobs from overseas and repeatedly blasted China's trade relationship with the US, and he sparked a trade war.
Democrats are pushing to restore supply chains in the US with tax incentives due to...
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Amazon reportedly wants to take over JCPenney and Sears stores to turn malls...

Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers

Amazon is in talks with the biggest mall owner in the US to take over retail space and turn them into giant Amazon fulfillment centers, The Wall Street Journal reported... Read more ...

Bill Gates says most COVID-19 tests in the US are 'completely garbage'...

Bill Gates says most COVID-19 tests in the US are 'completely garbage' because it takes too long to get results

Bill Gates says there's one massive problem with COVID-19 tests in the US: results take too long to come back. He said in a recent interview with WIRED that the majority of US... Read more ...

PGA Championship 2020 purse, payouts: How much prize money does the winner make?

PGA Championship 2020 purse, payouts: How much prize money does the winner make?

Here is a full breakdown of the 2020 PGA Championship purse and payouts, the most lucrative of golf's four major tournaments. Read more ...

In Executive Actions, Trump Extends Unemployment Benefits

In Executive Actions, Trump Extends Unemployment Benefits

President Trump signed four executive actions to provide economic relief amid the coronavirus pandemic. They amount to a stopgap measure, after not reaching a deal with... Read more ...

Trump's $400 weekly boost to unemployment insurance won't increase benefits...

Trump's $400 weekly boost to unemployment insurance won't increase benefits for jobless Americans anytime soon

President Donald Trump signed an executive action on Saturday to enact a $400 weekly boost to state unemployment benefits, a cut from the $600 level it once was during the... Read more ...

Michigan Gov. Gretchen Whitmer met with Biden in Delaware just days before...

Michigan Gov. Gretchen Whitmer met with Biden in Delaware just days before he was expected to announce his VP pick

Michigan Gov. Gretchen Whitmer met with Joe Biden last Sunday, days before the presumptive Democratic presidential nominee was expected to announce his running mate, the... Read more ...

Trump downplays the warning from the US intel community that Russia is...

Trump downplays the warning from the US intel community that Russia is working to 'denigrate' Biden in the 2020 election

Donald Trump tried to dismiss the US intelligence community's concerns that Russia is working to stop Joe Biden winning the 2020 election. William Evanina, the Director of... Read more ...

10 things in tech you need to know today

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Sign up here to get this email in your inbox every morning. TikTok and Twitter are starting to talk about a... Read more ...

More than 70% of US startup workers would move abroad if they could do their...

More than 70% of US startup workers would move abroad if they could do their job remotely - here's where they would pick

A shift to remote working could shake up America's tech ecosystem. Within five years, 43% of jobs could be based outside of the US state they are currently in, according to a... Read more ...

A National Lockdown Could Be The Economy's Best Hope, Says Minneapolis Fed...

A National Lockdown Could Be The Economy's Best Hope, Says Minneapolis Fed President

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