The White House opens the door to boosting unemployment benefits past July - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The White House opens the door to extending boosted unemployment benefits with $600-a-week federal payouts ending in 12 days

from the conservative-leaning American Action Forum indicated that a $400 boost would lead to 53% of workers earning incomes from the government that exceed those at their previous jobs. That figure would drop to 36% if the federal government sought to enact an extra $200 per week.

The coronavirus pandemic is still raging in the US, and states like California, Texas, and Florida are in the throes of a surge in cases. Around 30,000 new cases were recorded on Monday,, and leaders of those three states suggested they may institute new lockdowns. The economic environment remains very uncertain as a result. The US has regained around 7.3 million jobs since the outbreak of the pandemic, roughly a third of the amount shed since March.And many economists say there won't be enough jobs for the unemployed in the short-term.Something is loading.

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:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'But Republicans are fiercely opposed to extending the benefit. They say it disincentivizes people from returning to work, as it allows a significant share of workers to earn more from the government instead.' For many, returning to work is simply not an option.

Thank god!

sounds like extended vacation.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A former top White House official blasts 'simply inexcusable' delays for coronavirus tests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

2021 Ford Bronco two-door, four-door best features - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can’t wait to commit double homicide in this 😍
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us on Tuesday, July 14 at 1:30 p.m! BI reporter Shannen_Balogh will speak with Domm Holland, Fast's co-founder and CEO, and Jan Hammer, general partner at Index Ventures, about how to build a pitch deck and what it takes to win over investors.
Source: BusinessInsider - 🏆 729. / 51 Read more »