Finance

How $300 vs. $400 unemployment boost compare

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Valera Golovniov/SOPA Images/LightRocket via Getty Images

Congress is on the cusp of raising weekly pay for unemployed workers by $300 a week.

The American Rescue Plan, passed Saturday by the Senate, offers a $300-a-week increase in unemployment benefits. The supplement would last until Sept. 6.

The House is voting this week on the Covid relief bill.

But the House had earlier passed a version of the aid package that offered a larger, $400 weekly supplement. Democrats reached a compromise to reduce the supplement to placate Sen. Joe Manchin, D-W.V.

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Source cnbc.com

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