Finance

Outdated technology may slow any solution to extend unemployment benefits

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Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing in Washington, D.C., U.S., on June 9 about unemployment insurance during the Covid-19 pandemic.

Leah Millis/Reuters/Bloomberg via Getty Images

The enhanced unemployment benefits supporting household income for millions of jobless Americans will soon lapse.

Lawmakers, scrambling to address the problem, remain at odds over what to do. And a solution that would likely appease both sides seems out of reach due to outdated technology.

Democrats want to extend the federal aid, which tacks an extra $600 a week onto the unemployment checks paid by states, past their scheduled July 31…



Source cnbc.com

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