- The $ 600-a-week federal unemployment benefit expires Friday without an agreement between Congress and the Trump administration.
- “We’re nowhere near an agreement,” Mark Meadows, the White House chief of staff, told reporters on Wednesday, the New York Times reported.
- Republicans want to reduce the pandemic-related benefit to $ 200 a week, but Democrats want the full amount extended until January 2021.
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Democrats and the Trump administration are “nowhere near an agreement” on extending the $ 600-a-week federal unemployment benefit, White House Chief of Staff Mark Meadows told reporters on Wednesday.
The $ 600 benefit was passed by Congress in March as part of the Coronavirus Aid, Aid and Economic Security Act (CARES Act) to help those affected by the economic downturn from the pandemic. of coronavirus.
“This means that improved unemployment insurance provisions will expire,” Meadows said, according to The New York Times. That means more than 17 million unemployed Americans will stop receiving the money by Friday.
Republicans have been pushing to reduce the emergency benefit to $ 200 a week, saying the higher figure discouraged beneficiaries from returning to work during the height of a pandemic.
However, a new study by Yale University economists found “no evidence that more generous benefits disincentivize work either at the start of expansion or as firms appeared to return to business over time.”
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