Title: Extra Unemployment Benefits Will Run Out Soon. Here's What Might Happen Then. | The Motley Fool
Headings: Extra Unemployment Benefits Will Run Out Soon. Here's What Might Happen Then.
Extra Unemployment Benefits Will Run Out Soon. Here's What Might Happen Then.
If you're counting on the extra $600 per week in benefits you've gotten lately, there could be bad news coming.
Proposal No. 1: Extend the federal $600 per week unemployment benefit
Proposal No. 2: Provide a "back to work" incentive
Proposal No. 3: Offer a more tailored approach to benefits
What does the future of unemployment benefits look like?

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Proposal No. 1: Extend the federal $600 per week unemployment benefit
Last month, the House of Representatives passed a second stimulus bill called the HEROES Act. This bill included a second round of stimulus checks and also proposed extending the extra $600 per week in federal unemployment benefits through January 2021. There are pros and cons to this proposal. If the $600 per week benefit is extended through January 2021, approximately five in six unemployment recipients would be receiving more in benefits than they would earn by working, according to the Congressional Budget Office. Those who are against this benefit extension say the extra $600 per week discourages unemployed workers from looking for another job if they could earn more by collecting benefits. Those in favor of the extension, however, argue that when people have more disposable income, they're likely to spend more money -- which would serve to strengthen the economy. Proposal No.