Senate Republicans unveil a stimulus plan that implements $300 weekly federal unemployment benefits but leaves out direct payments
that would implement a $300 federal supplement to state unemployment benefits. But it leaves out a second round of $1,200 direct payments, which helped people make ends meet at the height of the lockdown earlier this year.Given its slim odds of passage, the legislation largely appears to be messaging intended to convey the GOP's biggest priorities for the next coronavirus relief package.
The plan also extends the deadline to September 2021 for states to use $150 billion in federal assistance granted under the Cares Act in March without increasing flexibility or attaching new funds. Many states already allocated their funds to prop up their public health response.MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.
President Donald Trump signed an executive order last month to provide $300 unemployment benefits through the end of the year. Most states are moving slowly to implement it.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the secret club that helps determine which healthcare startups blow up - 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.
Read more »
Mitch McConnell says Senate will vote on coronavirus stimulus plan as soon as this weekMitch McConnell called the coronavirus stimulus bill the Senate plans to vote on 'targeted,' but did not give details about what it includes.
Read more »
Senate Republicans introduced COVID-19 relief package, McConnell demands vote this weekSenate Majority Leader Mitch McConnell and the Republicans are set to unveil their own COVID-19 relief package proposal and are set to hold a vote on it this week.
Read more »
Google unveils new cloud security protecting data processing apps - 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.
Read more »
Apple will unveil the iPhone 12 during a virtual event on September 15 - 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.
Read more »
Fortnite active users on iPhone down 60%, Epic Games says - 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.
Read more »