Covid Stimulus Package Unemployment. Congress is back for a final sprint in 2020. Senate majority leader mitch mcconnell rejected a new bipartisan $908 billion stimulus plan put forward in an effort to break the legislative stalemate as the coronavirus surges throughout the.
In a historic expansion of unemployment insurance, the federal government would give jobless workers an extra $600 a week on top of their state benefits for four months as part of the $2 trillion. Some distance still remains between what house democrats want to spend and what the white house. Earlier this week, senate republicans proposed a “skinny” stimulus package, which would reduce unemployment benefits to $300 per week instead of $600.
A second stimulus package would likely include another payment in the $400 to $600 range as well.
The likelihood of a robust stimulus package is fading. The likelihood of a robust stimulus package is fading. The bill would instate a $300 weekly federal unemployment benefit, increase aid to small businesses. Experts have said that the lack of a new stimulus package with more economic payments and unemployment supplements for struggling households has hampered the economy’s recovery.