600 Stimulus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tuesday, December 29, 2020 On December 27, 2020, President Trump signed into law the latest COVID-19 relief package, providing $900 billion in much-needed aid to individuals and businesses during the ongoing coronavirus pandemic. A crucial part of this overdue legislation is the more than $284 billion allotted for a new round of Paycheck Protection Program (PPP) funding. This current round of PPP funding extends through March 31, 2021, or until the funding is exhausted. Critically, the legislation also avoids a government shutdown. Of the more than $284 billion in additional funding...

Tuesday, December 29, 2020 For employers, there are two key elements of the stimulus package that you should be aware of: Unemployment Insurance (UI) The package provides that individuals receiving unemployment benefits will receive an additional $300 per week in federal UI benefits for up to 11 weeks through March 14, 2021.  As you may recall, the Coronavirus Aid, Relief, and Economic Security Act (more familiarly known as the CARES Act) provided recipients of state unemployment benefits with a $600 supplement, which expired in July 2020.  The package’s $300 federal payment is,...

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