Finance

$400 boost, extra benefits for six months

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Chip Somodevilla | Getty Images News | Getty Images

President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless benefits by $400 a week, according to an outline obtained by CNBC.

Biden would also phase out higher unemployment benefits automatically over time, tying aid to economic and health conditions, according to the plan.

Such a measure would relieve Congress of drawing up new relief measures every few months, thereby avoiding a benefits cliff like one workers experienced in December.

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Source cnbc.com

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