Claimants will be eligible to receive these higher benefit amounts for up to four months., which provides up to 39 weeks — or about five-and-a-half months — of unemployment benefits to those who typically aren't eligible, including self-employed and contract workers, according to the American Action Forum.
The bill passed in the Senate on Wednesday evening, and it now needs to pass in the House of Representatives before being signed into law by President Donald Trump.REUTERS/Mike Segar/File Photo The new coronavirus aid bill was not the first to address unemployment insurance in response to the pandemic. On March 18, Congress passed and Trump signed into law
, which expanded unemployment benefits and gave grants to states for processing and paying unemployment claims.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the $2 trillion stimulus bill means for the healthcare industry - Business InsiderThe CARES Act has numerous provisions to rescue the healthcare system, which has become flooded by the demands of treating the novel coronavirus.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bill Ackman detailed a $2 billion bet he made on coronavirus recovery - Business InsiderAckman redeployed 'substantially all' of the proceeds from the hedges by adding to existing investments, he said in a letter to shareholders.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How government wants to spend $2 trillion coronavirus economic stimulus - Business InsiderNearly half of the bill's sum is allocated to emergency loans for small businesses, larger companies, and state and local governments. ChinaVirus
Source: BusinessInsider - 🏆 729. / 51 Read more »
'A real step forward': Stocks climb after lawmakers agree $2 trillion coronavirus stimulus | Markets InsiderStocks climbed on Wednesday after US lawmakers agreed on a $2 trillion stimulus bill to buttress the US economy against the novel coronavirus. T... It took couple of trillions for millions clusterstock What’s wrong with this picture?
Source: BusinessInsider - 🏆 729. / 51 Read more »