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An estimated 11.4 million Americans stand to lose their unemployment benefits between March 14 and April 11 unless Congress quickly passes an extension as part of its next coronavirus aid package, according to a new report from The Century Foundation, a left-leaning think tank.
More than 4 million workers would see their benefits end on March 14 and about 7.3 million more would have their payments expire over the following four weeks. Without another extension, the report says, only some 734,000 workers in 12 states would be able to receive extended state unemployment benefits in April.
President Joe Biden’s $1.9 trillion relief package would continue the emergency unemployment payments and increase benefits under the Federal Pandemic Unemployment Compensation program from $300 a week to $400 a week. The report says that continuing the pandemic benefits could deliver $9.6 billion a week to families, and it urges lawmakers to
The Australian share market finished session higher on Tuesday, 19 January 2021, as investors risk sentiments bolstered on the back of better-than-expected gross domestic product (GDP) data of the world s second-largest economy China. Meanwhile, pleasing production results from mining giant Rio Tinto also underpinned sentiments. However, market gains capped as investors awaited comments from Treasury Secretary nominee Janet Yellen on stimulus later today and monetary policy decisions from the Bank of Japan and the European Central Bank on Thursday.
At closing bell, the benchmark S&P/ASX200 added 79.58 points, or 1.19%, to 6,742.62. The broader All Ordinaries climbed up 79.63 points, or 1.15%, to 7,014.99.
China s gross domestic product climbed 6.5% on year in the fourth quarter of 2020, the National Bureau of Statistics said on Monday, up from 4.9% in the three months prior.