Dec 31st, 2020 5 min read
COMMENTARY BY
Director, Grover M. Hermann Center for the Federal Budget
Matthew is the director for the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. The Capitol building is seen in Washington, D.C. on December 29, 2020. DANIEL SLIM / Contributor / Getty Images
Key Takeaways
The president released a statement announcing that he would use his authority to request that Congress rescind wasteful spending from the bill.
The 5,593-page behemoth spending package was loaded with overspending, gimmicks, and dozens of unrelated other legislative provisions.
Trump proposing a robust rescission package and Congress passing it would be an important first step toward making controlling spending a priority.
How the Biden administration could give a boost to older workers Published: Dec. 28, 2020 at 4:58 a.m. ET By Nearly half of Americans can’t afford to retire here are some ideas for keeping them employed The odds of being employed in a decent paying job with good benefits in your 60s are slim. istock Email icon
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The barriers to employment among older workers remain formidable, especially due to the pandemic. But the new Biden administration has an opportunity to help.
Consider this: Even in pre-pandemic 2019, when nearly 25% of the workforce was 55 and older, roughly 2.5 million people in that age group would have liked to be working but weren’t largely due to ageism and age discrimination.
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CHEYENNE â Unemployment Insurance benefits for many claimants who would not qualify for regular UI are scheduled to expire on Dec. 26 without further action from the U.S. Congress.
Regular UI is not affected by the Dec. 26 deadline. However, those claimants receiving Pandemic Unemployment Assistance or Pandemic Emergency Unemployment Compensation will receive no payments after Dec. 26.
For some claimants, the expiration may come sooner.
PUA and PEUC are available for 39 weeks and 13 weeks, respectively. When those weeks of eligibility are consumed, claimants will no longer receive payments under those programs, even if that date is before Dec. 26.
All payments under PUA and PEUC will cease on Dec. 26, regardless of the number of weeks a claimant has remaining or the balance of funds that would have been available to the claimant. Claims that are in the system before Dec. 26, but which are being delayed due to issues in the claim, will continue to be processed and paid.