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The extra $600 Americans receive in unemployment benefits ends this month — here’s what else is on the table

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The clock is ticking for lawmakers on Capitol Hill who have until July 31 to come to an agreement on the extra $600 a week unemployed Americans have been receiving under the $2.2 trillion CARES Act.

Failure to act before the end of the month will strip more than 20 million Americans of nearly $842 billion to spend, according to data released by the Bureau of Economic Analysis, a U.S. government agency that provides official macroeconomic and industry statistics. That could cost the country even more jobs, some economists say.

But given that two-thirds of laid-off workers receive more money from their unemployment benefits than they did from their jobs, the Trump…



Source marketwatch.com

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