Monday, 03 August, 2020

$600 unemployment benefits expire today with no replacement in sight

Coronavirus: Millions of Americans set to lose key $600 benefit
Ginger Lawrence | 01 August, 2020, 17:37

Both administration officials and the two top congressional Democrats are expected to resume negotiations Friday by phone with a possible in-person meeting over the weekend.

Senate Majority Leader Mitch McConnell (R-Ky.) derided the House relief package, called the HEROES Act, as a "totally unserious proposal".

Republicans have argued that the benefits pay many workers more than 100% of their previous salary, making it hard for businesses to bring back workers.

Republicans have argued that the existing system risks incentivizing some Americans not to go back to work by paying them more than they would at their prior jobs, while Democrats have argued that the benefits should be left intact. "They don't even have the votes for it in the Senate".

For many lower-income workers, the amount of aid was likely more than what they would have received while working.

Economic analyses have repeatedly shown that the boosted federal benefits have helped prop up other parts of the economy - and a cut would cost the US millions of jobs.

"I want to thank Senate Republicans for fighting to extend unemployment benefits today - in the face of very strong Democrat obstruction, which I'm surprised at - because this is great for our country and it's great for our workers, and it wasn't our workers' fault", Trump said. "So they've offered $200". But getting the White and House Democrats to sign off on it remains a battle. "It is a disgrace that they are not negotiating", Trump said Friday.

But Democrats blocked the legislation, saying it was not enough.

Galaxy M31s with 6000 mAh battery and AMOLED display
The storage is UFS 2.1 in both the smartphones and both smartphones come with a dedicated storage expansion slot in the card tray. This smartphone comes with an Infinity-O display rather than the Infinity U which its predecessors come with.

There has been major disagreement, however, between Democrats and Republicans over how to deal with the program's expiration.

However, Democrats rejected Trump's proposal, instead opting to try and pass a more comprehensive bill that would include more stimulus.

Talks will continue this morning with House Speaker Nancy Pelosi set to host a meeting with Senate Minority Leader Chuck Schumer at 9 a.m. ET in the Speaker's office with the lead negotiators for the Trump administration, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin, according to an aide and a source familiar with the plans for the meeting.

Top White House economic adviser Larry Kudlow recently said that an extension of the federal eviction moratorium would be included in the next bill as millions face potential homelessness after the provision already expired last week.

During eleventh-hour negotiations, Senate Republicans offered a few short-term options, including one that would have extended the benefits another week.

"I think they understand that we have to have a bill, but they just don't realize how big it has to be", Pelosi added.

Without a deal in sight, it is unclear when the two sides may move on any legislation. Any deal will take weeks to sort out.

The stalemate on a single issue - jobless benefits - foreshadowed a steep climb to any overall coronavirus relief bill as the sides remain far apart on many issues. His comments come as the Senate adjourned for the week without agreeing to a stimulus bill. "The one thing we're sure he supports is a new Federal Bureau of Investigation building to boost the value of his hotel, We will not stop fighting for people and families".