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President Trump unveiled what he calls the "Black Economic Empowerment — Platinum Plan," at a campaign event in Atlanta, Georgia on Friday, promising to secure more lending for Black-owned businesses if elected for a second term.

Why it matters: With national polls showing the president lagging behind Joe Biden with Black voters, Trump's plan also includes a proposal to make Juneteenth — the commemoration of the end of slavery in the U.S. — a federal holiday.

By the numbers: The Trump campaign said in a release that federal investments could generate $500 billion in additional capital, generate 3 million new jobs for Black Americans and 500,000 new Black-owned businesses.

  • The other side: Biden has pledged to leverage $150 billion in new capital for Black-owned businesses and increase funding for historically Black colleges and universities. Sen. Kamala Harris along with fellow Senate Democrats introduced legislation earlier this year to make Juneteenth a federal holiday.

What they're saying: "I will always put American first and that includes, very, very importantly, Black Americans," Trump said Friday.

  • He added that Black Americans have historically voted for Democrats and suggested their economic prospects are better with him in office. "[E]very day more Black Americans are deciding that the old way is not working,” Trump said.
  • He also promised to work on criminal justice reform and build “a new national clemency project” to review unjust prosecutions and lengthy prison sentences.

Biden issued a statement, saying:

“Four years ago, President Trump ran on a platform to make America great again. Yet under President Trump’s failed leadership, nearly 6,800 Georgians have died from the coronavirus,” nearly half of whom are Black, Biden said.

  • “And, in the midst of this global health pandemic and economic crisis, President Trump is still working to tear down the Affordable Care Act and take away protections for Georgians with preexisting conditions."

What he's not saying: The president did not specify how he would fund the proposal.

The big picture: Recent polling shows 83% of likely Black voters favor Biden, and 10% back Trump, according to FiveThirtyEight. 8% of likely Black voters said they didn’t know which candidate they will back.

Go deeper

Updated Dec 29, 2020 - Politics & Policy

Biden: Trump administration falling "far behind" on vaccine distribution

President-elect Joe Biden on Tuesday criticized the Trump administration for "falling behind" on distributing coronavirus vaccines, saying that with "only a few days left in December, we've only vaccinated a few million so far."

The big picture: Biden also pleaded with Americans to wear a mask and take other steps to contain the spread of the coronavirus, reiterating his warning that "things will get worse before they get better."

Updated 10 mins ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.