Title: New Proposal Would Extend $600 Unemployment Benefit Indefinitely Until Coronavirus Crisis Ends
Headings: New Proposal Would Extend $600 Unemployment Benefit Indefinitely Until Coronavirus Crisis Ends
New Proposal Would Extend $600 Unemployment Benefit Indefinitely Until Coronavirus Crisis Ends
Worker Relief and Security Act Provisions:
Biden Administration Will Review Income Based Repayment, Student Loan Forgiveness Programs
How Big Will The Raise For Social Security Recipients Be In 2022?
Biden Drops Student Loan Forgiveness From Latest Budget
Support For The Proposal:
Chances Of Passing:
Further Coronavirus-Related Reading:

Content: U nderscoring the severity the coronavirus lockdown has had on the U.S. economy, ADP reported this morning that companies hemorrhaged over 20 million jobs in April, the worst loss in the survey’s 18 year history. This data raises an important question: how long it will take the economy to bounce back? Projections from nonpartisan Congressional Budget Office (CBO) forecast the unemployment rate staying in double digits not only for the rest of 2020, but also through 2021. These predictions highlight a looming disconnect between the sluggish speed of recovery and the duration of unemployment benefits that were included in the $2 trillion CARES Act passed by Congress in March. While the Federal Pandemic Unemployment Compensation program (FPUC), provided an additional $600 per week to individuals who were collecting unemployment compensation, the benefits had a fixed expiration date of July 31, 2020. “ This pandemic and the resulting economic crisis may continue to inflict horrifying suffering on the country for many months to come. Passing emergency relief legislation that incorporates automatic triggers would have the enormous benefit of ensuring assistance continues to flow to workers even if Congress itself is unable or unwilling to act,” explained Representative Beyer. Sen. Michael Bennet, D-Colo., right, speaks during a Senate Intelligence Committee nomination ... [+]
hearing.