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WASHINGTON, D.C. – Since the start of his presidency, President Donald Trump and his administration have talked about getting manufacturing companies to come back to the United States, a process known as reshoring.Now, with unemployment at a historic high, another 1.5 million people filing jobless claims last week and still 19.5 million continued claims or people unemployed, the idea of reshoring is being revisited by Congress.Some on Capitol Hill are proposing reshoring incentives for companies in the next stimulus package.“There are a lot of potential ways that the administration and Congress could come up with tax subsidies and tax breaks for companies that produces here,” said Ed Yardeni, an economist and the president of Yardeni Research.While believes there could be some jobs created by companies reshoring in the U.S., it’s hard to say how many. That’s partly because, many companies that would consider reshoring would also consider using artificial intelligence at their production plants.“Clearly bringing back jobs would be great, but I don’t think we go back to the 70s and 80s, where we had a lot more people employed,” Yardeni added. “I would think that if you are reshoring and bring production back to the U.S., you are going to use state of the art technology to do that, so I’m not sure it is going to be a huge win-win in terms of jobs.”Experts, including Yardeni, believe companies that would most likely consider reshoring would be those in the pharmaceutical and technology sector. Their reason for the move is likely less for job creation and more because of national security concerns.Either way, the way to get more jobs out of reshoring may be by doing more than just incentivizing companies to come back to the U.S.“Maybe what we need is to combine reshoring with really focusing on reeducating a lot of the labor force so that they can manage the robots, build the robots, program the robots, as opposed to doing the job the robots are doing,” said Yardeni. 2004

WASHINGTON, D.C.—A Russian military intelligence unit secretly offered bounties to Taliban-linked militants for killing American troops in Afghanistan, officials tell multiple news outlets.The intelligence on bounties was reported initially by The New York Times and was confirmed by The Associated Press.Intelligence officials said Islamist militants, or armed criminal elements closely associated with them, are believed to have collected some bounty money. It’s not clear which of the 20 American killings in Afghanistan from 2019 is under suspicion.The officials tell the Times and AP that Trump was briefed on the matter earlier this year and took no action. However, the president denies being briefed on the matter and says he was told Sunday night the intelligence wasn't considered credible.The Kremlin calls the report “a lie.”House Speaker Nancy Pelosi told ABC’s “This Week” that she hadn’t been informed about the reported bounties. She says, “this is as bad as it gets” and yet Trump won’t confront Russia. Pelosi say she’s asking for a report to Congress regarding the news.A senior administration official says the White House plans to brief select members of Congress on Monday.Presumptive Democratic presidential nominee Joe Biden is sharply criticizing Trump over the reports that he says, if true, contain a “truly shocking revelation” about the commander in chief and his failure to protect U.S. troops and stand up to Russia. 1455

WASHINGTON (AP) — Vice President Mike Pence is in a familiar spot: calmly explaining Donald Trump to a nation on edge. With the president hospitalized with coronavirus, Trump’s loyal No. 2 will be the public face of an administration and campaign facing a crisis of credibility with just weeks to go before the election. During Wednesday’s vice presidential debate, Pence will be asked to explain the president’s health, as well as the flurry of confusing and contradictory White House accounts of his well being. He will also be expected to justify Trump’s cavalier approach toward campaigning during a pandemic. The high-profile role for Pence is a culmination of four years in which he has been repeatedly been called on to smooth over fallout from Trump’s messy decision making and divisive policies. 812

WASHINGTON, D.C. – The federal eviction moratorium is set to expire Friday, putting millions of Americans at risk of being kicked out of their homes during the COVID-19 pandemic.The CARES Act provided certain protections from eviction and late fees due to nonpayment of rent for most tenants in federally subsidized or federally backed housing. However, those protections were only in effect from March 27 to July 24.When the moratorium ends, landlords can give tenants who haven’t paid rent 30 days’ notice and then begin filing eviction paperwork in late August.The Urban Institute estimates that the eviction moratorium applied to about 12.3 million of the 43.8 million rental units in the United States, or around 28%. If the protections are not extended, those 12.3 million renters could be at risk.So far, there aren’t any plans to extend the moratorium.However, The Washington Post reports that the House has passed legislation to create a 0 billion rental assistance fund, which would help renters at the lowest income levels for up to two years. The Senate hasn't acted on that bill. The Trump administration and Senate Republicans are hurrying to present a new coronavirus relief bill of their own before the end of the session, but it doesn’t yet appear to include protections for renters. Majority Leader Mitch McConnell is expected to roll out the GOP’s bill next week, The Post reports.The expiration of the eviction moratorium comes as communities across the U.S. see spikes in coronavirus cases, especially in the south and west. On Thursday, the number of COVID-19 cases in the country surpassed 4 million, according to Johns Hopkins University. 1673

WASHINGTON, D.C. – Tuesday is the last day for small businesses to apply for a loan through the Paycheck Protection Program.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there's still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.”Business owners and advocacy groups complain that the money in the PPP was not fully put to work because it created obstacles that stopped countless small businesses from applying.A report from a research group says the program’s shortcomings also made it more difficult for minority businesses to get loans.The owners of a Colorado brewery who got a PPP loan say it helped, but only goes so far."It didn't solve the problems. What it did was sustain us for a few more months."The SBE Council is working with lawmakers on both sides of the aisle for further policy solutions. They're pushing to broaden what expenses can be forgiven, especially when it comes to technology.Through a survey, the group found 87% of small businesses said they wouldn't have been able to survive without cloud-based services.“We know that consumers are on social media and technology platforms looking for new businesses, looking for new brands, looking for new things that they need, and that's where small businesses can really fill that gap,” said Kerrigan.The Small Business Administration says it will be up to Congress to decide what to do with leftover funds from the PPP. 1900

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