$600 federal unemployment benefit lapsed, millions will lose jobless aid - Business Insider

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The $600 federal unemployment benefit expired 3 months ago. But millions of Americans will lose all of their jobless aid by year-end if Congress doesn't step in.

enacted through the CARES Act in March expired for millions of Americans. The measure helped buoy consumer spending and pumped hundreds of billions into the economy, and provided the unemployed with extra cash to buy groceries and pay rent.

Then, Pandemic Unemployment Assistance covers around 10.3 million gig workers, freelancers, and independent contractors that are typically excluded from the regular unemployment system. It will expire at the end of December without an extension from Congress. "We're gonna see another round of temporary and permanent layoffs," Pancotti said. "The need for additional fiscal support for both workers and businesses is only strengthening."

 

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'I want a bill for two reasons. First and foremost the American people need help. They need real help. And second of all, we have plenty of work to do in a JoeBiden administration… so we want to have as clean a slate as possible going into January.' SpeakerPelosi

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