In a Congressional hearing on Friday, Yellen "The other purpose of the unemployment insurance is to increase aggregate demand," he said. But states that disburse their unemployment benefits on weeks that end on Saturdays or Sundays will end the extra benefits When that happens, jobless workers could face a benefit cut of as much as 85%, depending on which state they live in, according to an estimate from Andrew Stettner, senior fellow at the Century Foundation and an expert on unemployment policies. One hint of what could be in the works comes from the U.S. Chamber of Commerce, a lobbying group for businesses. After the extra $600 in weekly pandemic aid ends on Saturday, the typical worker's benefits will plunge from about $812 per week to $212 — a roughly 75% decline. The extra $600 in unemployment benefits ends July 25, and no extension or new help is in the works . Evermore said. That's because states will need to reprogram their computers to input the new dates for the extra pay, a The gap in benefits could last as long as four weeks if the extra payments expire this month and then are reinstated by Congress, Among those urging lawmakers to extend the extra $600 in benefits are former Federal Reserve chiefs Ben Bernanke and Janet Yellen.
Extra $600 unemployment benefit could get short-term extension before bigger stimulus bill passes . Even in the most generous states, workers are set to experience a steep drop-off in benefits. … Americans should have received their final unemployment check with an extra $600 on Sunday. Unemployment benefits will return to pre-pandemic amounts after Sunday, which is capped at $450.If Congress passes a short-term extension, there could be a gap of a few weeks until those benefits are available. Pandemic Emergency Unemployment Compensation (PEUC). The typical benefit will drop by about two-thirds in each of those three states, declining to an average of $328 per week in Michigan, $364 per week in Ohio and $408 per week in Pennsylvania.Congressional Republicans are this week negotiating terms of another stimulus package, which could include an extension of enhanced federal unemployment benefits. July 22, 2020. If they pare spending to offset the hit to their income, that could provide a shock not only to household budgets but also to local economies. "Be in the know. The letters had no email address or phone number to contest the claim -- but did include a fax number. Such a sharp drop in income could be "disastrous" for many families who depend on the supplementary aid to keep afloat during the Most workers will receive their last week of extra jobless benefits this week, despite the Coronavirus Aid, Relief, and Economic Security, or CARES, Act set July 31 as the final day for paying the additional $600 in weekly benefits. Democrats sought a six-month extension to the $600 … SAN DIEGO COUNTY, Calif — Unemployment benefits that have kept many afloat during the pandemic are set to expire Friday at midnight. © 2020 KFMB-TV. "Too many stories" of deaths, assault and harassment at Fort HoodTrump opposes more funds for Postal Service over mail-in votingBiden and Harris make debut as running mates, vowing to defeat TrumpTrump announces peace agreement between Israel and UAESouth Dakota governor getting $400,000 fence to protect herWildfire explodes north of L.A., prompting evacuation ordersRiot declared in downtown Portland, protesters tear-gassedBattleground Tracker: Latest polls, state of the race and more5 things to know about CBS News' 2020 Battleground TrackerBiden has edge in North Carolina, race is tight in Georgia — CBS News pollWhy some mail-in ballots are rejected and how to make sure your vote countsWhat happens if the president doesn't accept the election results?Election Day could turn into "Election Week" with rise in mail ballotsGOP confident in Ohio, but Dems think it's within reach Unless Congress acts at lightning speed, this is the last week that unemployed Oregonians are eligible for an extra $600 in weekly benefits from the federal government.The Federal Pandemic Unemployment Compensation program, or FPUC, has delivered about $2 billion dollars to Oregonians so far. That's likely due to two factors: First, people who turn down "suitable work" — such as an offer to return to their job after a furlough — risk losing their unemployment benefits.
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