Finance

What to know about extra unemployment benefits

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The $1.9 trillion American Rescue Plan is almost law — meaning additional unemployment benefits for millions of workers should soon be on the way.

The Covid relief bill, passed Wednesday by the House of Representatives, extends jobless benefits through Labor Day and raises them by $300 a week. The Senate passed the legislation Saturday.

President Joe Biden hopes to sign the bill on Friday. The issue is time-sensitive — millions of unemployed workers would lose their benefits after March 14 without another extension.

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Source cnbc.com

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