Finance

How Congress may automatically phase out unemployment benefits

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Mark Makela | Getty Images News | Getty Images

Americans may get another dose of extra unemployment benefits — and policymakers are debating the best way to deliver them.

A host of lawmakers and economists want to put the aid on autopilot, phasing out supplemental benefits gradually rather than shutting them off on a specific date.

Those so-called automatic stabilizers would help avert a benefits “cliff,” as occurred the day after Christmas when prior pandemic relief temporarily lapsed for millions of Americans.  

But there are many schools of thought on how to accomplish the goal.

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Source cnbc.com

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