Title: Extra $600 in pandemic unemployment aid may end a week early for some - CBS News
Headings: Extra $600 in pandemic unemployment aid may end a week early for some
Extra $600 in pandemic unemployment aid may end a week early for some
Outlook for economic recovery

Content: Dallas Fed president sees high unemployment t... 05:49
The Heroes Act, passed by the House last month, would extend the benefit until early 2021, but some Republican lawmakers have signaled their opposition based on the belief that receiving extra unemployment pay is a disincentive to return to work in many states where wages are lower than what the expanded unemployment benefit pays out. "These benefits are a critical lifeline that help workers make ends meet while practicing the necessary social distancing to stop the spread of coronavirus," said EPI state economy analyst Julia Wolfe in a blog post last week. " In fact, the $600 increase in weekly UI benefits was likely the most effective measure in the CARES Act for insulating workers from economic harm and jump-starting an eventual economic rebound, and it should be extended past July." Losing the extra $600 earlier than expected may prove not only a financial shock to those households, but also to local economies. Without continuing assistance, more Americans may struggle to pay their bills or rent, leading to evictions and defaults on loans. "With expanded unemployment benefits set to expire at the end of July, a failure to provide further fiscal support would severely constrain income and further weigh on the nascent recovery," Oxford Economics economist Lydia Boussour wrote in a research note last week.