Finance

It may be late to stop unemployment benefits gap

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Alex Wong | Getty Images News | Getty Images

The Senate passed a $1.9 trillion coronavirus relief bill on Saturday that extends and raises unemployment benefits.

Democrats will now look to get that pandemic aid bill to President Joe Biden in time to prevent a gap in jobless benefits, which are slated to expire next weekend.

It’s perhaps too late to stop that from happening, according to some experts.

“The unfortunate reality is, we waited a little too long,” said Elizabeth Pancotti, an unemployment expert and policy advisor at Employ America. “They needed a bill to [President Biden] by about Valentine’s Day.”

The House aims to approve the Senate version of the plan in the coming days and send…



Source cnbc.com

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