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Covid Relief Bill Pays Extra $300 a Week in Jobless Benefits, Extends Aid for 4 Months

$300 a week The $300 weekly enhancement to benefits would not be retroactive. The federal government would pay the subsidy for any period of unemployment from Dec. 26 until April 19.   That weekly subsidy would follow two prior stipends paid by the federal government: a $600 boost provided by the CARES Act through July, and a $300 Lost Wages Assistance payment created by President Donald Trump with federal disaster relief funds. PUA and PEUC programs extended One of those programs, Pandemic Unemployment Assistance, pays benefits to self-employed, gig, freelance and other workers typically unable to receive jobless aid from states. The other, Pandemic Emergency Unemployment Compensation, offers an extra 13 weeks of state benefits, which generally last for up to six months.

Almost 19 Million People Are Getting Unemployment Benefits Here s How the Covid Relief Bill Would Help Them

It would also amend rules so workers laid off in the early days of the pandemic wouldn t lose aid or see their benefits reduced after a year.    [The bill] takes care of those who are unemployed, Sen. Joe Manchin, D-W.V., and one of the lawmakers involved in negotiations, said during a press conference Monday. There are roughly 19 million Americans collecting unemployment benefits, according to the Labor Department. Here are some of the unemployment measures in the Bipartisan COVID-19 Emergency Relief Act of 2020. Tasos Katopodis | Getty Images News | Getty Images Sen. Joe Manchin, D-W.V., speaks alongside a bipartisan group of Democrat and Republican members of Congress as they announce a proposal for a Covid-19 relief bill on Capitol Hill on Dec. 14, 2020 in Washington. Lawmakers from both chambers released a $908 billion package Monday, split into two bills.

What s in the Bipartisan Coronavirus Relief Bill Unveiled Monday

Meanwhile, the $160 billion Bipartisan State and Local Support and Small Business Protection Act of 2020 provides liability insurance for businesses and funding for state, local and tribal aid. Congress has been at odds for months over what to include in the next coronavirus relief package and that s why the package is broken into two parts. There s room to compromise on the bill that includes liability insurance for businesses, which Republicans are advocating for, and state and local aid, which Democrats say is a must.  This is hope for those who have been asking their Congress to be responsive to what they ve seen in the face of the pandemic, Sen. Lisa Murkowski (R-Alaska) said a press conference Monday.

As Vaccines Roll Out, Investors See the Positives: Live Business Updates

Congressional Leaders Meet to Discuss Stimulus Last Updated This briefing has ended. Follow our latest coverage of Here’s what you need to know: Senator Chuck Schumer on his way to meet with Senate Majority Leader Mitch McConnell Speaker Nancy Pelosi, and Representative Kevin McCarthy. They have agreed that any additional pandemic aid should be wrapped into the year-end spending measureCredit.Anna Moneymaker for The New York Times Congressional leaders scrambled on Tuesday to reach agreement on a stimulus bill and a catchall omnibus funding package to keep government funding flowing, meeting to try to hammer out critical spending deals ahead of a Friday deadline.

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