Show an ad over header. AMP

Biden plans $150 billion for communities of color

Joe Biden plans to detail Tuesday how his "Build Back Better" economic program will help African American and Latino communities, explaining how he will leverage public funds to spur private investment for businesses that are grappling with COVID-19 and generations of structural inequality.

Behind the numbers: In the fourth and final installment of his economic program, Biden will spell out how to specifically allocate for communities of color some of the money that he's previously announced.


  • He'll set aside $30 billion of the $300 billion he announced in his first pillar for innovation funding for small businesses.
  • The goal is to leverage the $30 billion to make more than $150 billion available.

Between the lines: Biden won't be announcing new top-line spending plans. Rather, he'll explain what portions of his plan will be dedicated towards racial equality, using a mix of new and old programs and tax credits.

  • Biden doesn't plan to explain how he'll pay for his economic program, though he (and campaign officials) have said parts of it will be covered by repealing the Trump tax cuts, while other parts will be considered stimulus spending.
  • Campaign officials haven't put a total price tag on Biden's spending ambitions, but the first three planks are likely to cost well north of $3 trillion.
  • His first plank included some $700 billion to create 5 million jobs; the second detailed roughly $2 trillion for climate-friendly infrastructure; and the third promised $775 billion for caregiver and education jobs.

The big picture: After Biden rolls out his economic agenda, attention will turn to his choice to serve as his vice president

  • The final plank in his economic platform, like his other three, borrows heavily from many of his rivals for the Democratic nomination, as Biden looks to aggregate the best ideas in his party, as the country faces an uncertain economic future.

Why it matters: Carefully crafted policy plans are clues to how a candidate will govern. But July's policy pronouncements aren't exactly set in stone. Biden is leaving himself enough flexibility to adapt to the economic effects of COVID-19 and go either bigger or smaller.

Be smart: Campaign battle plans rarely survive first contact with Congress, regardless of who controls one or both chambers. Ask former President Obama how much bigger he thought his 2009 $787 billion plan should have been.

The big business of immigrant detention

Around 70% of all immigration detention centers are run by private companies, including the one at the heart of a new whistleblower complaint that alleges systemic medical neglect and malpractice.

Axios Re:Cap digs into the business of immigrant detention, including oversight and profit incentives, with Jonathan Blitzer, a staff writer for the New Yorker who’s covered the subject for years.

Biden campaign plans travel around competitive Senate races

Joe Biden's campaign is storming states with competitive Senate races this week to help boost Democratic candidates in the run-up to the election.

Why it matters: Supreme Court Justice Ruth Bader Ginsburg's death is galvanizing Democrats to fight harder for control of the Senate with less than two months before Election Day.

Keep reading... Show less

Harry Reid on eliminating filibuster: It's a matter of "when," not "if"

Former Senate Majority Leader Harry Reid (D-Nev.) on Tuesday addressed the question of whether Democrats will eliminate the legislative filibuster if they take control of the Senate, telling CNN that it's "not a question of if it's going to be gone, it's only when it's going to be gone."

Why it matters: Current Senate Minority Leader Chuck Schumer (D-N.Y.) has said that "nothing is off the table" if Republicans move ahead with replacing Supreme Court Justice Ruth Bader Ginsburg before the election — a threat that likely includes abolishing the Senate's long-standing 60-vote threshold in order to pass sweeping legislation.

Keep reading... Show less

Philly official warns of "electoral chaos" in Pennsylvania due to "naked" mail-in ballots

Pennsylvania's Supreme Court ordered state officials last week to throw out mail-in ballots submitted without a required inner "secrecy" envelope in November's election, the Philadelphia Inquirer reports.

The state of play: The decision went under the radar alongside the simultaneous decision to extend the time that mail-in ballots could be counted, but Philadelphia's top elections official warned state legislators this week that throwing out so-called "naked ballots" could bring "electoral chaos" to the state and cause "tens of thousands of votes" to be thrown out — potentially tipping the presidential election.

Keep reading... Show less

Commission releases topics for first presidential debate

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Keep reading... Show less

"A long way to go": Fed chair warns economy will feel the weight of expired stimulus

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

Keep reading... Show less

Beijing draws Chinese companies even closer

Chinese Communist Party Secretary Xi Jinping announced last week that the party must strengthen its leadership over private companies, and that entrepreneurs must meet the party's needs. 

Why it matters: Xi's new announcement will increase fears that Chinese businesses may serve as a Trojan horse for the CCP.

Keep reading... Show less

Trump to meet with Supreme Court candidate Barbara Lagoa in Florida on Friday

President Trump has arranged to meet with shortlisted Supreme Court candidate Barbara Lagoa during a campaign visit to Florida on Friday, according to two sources familiar with his plans.

What we're hearing: Sources who know both Trump and Lagoa say they still expect the president to pick Judge Amy Coney Barrett, but they view the Lagoa meeting as a wild card because they say she has a charismatic personality that would appeal to Trump.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories