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Congress is running out of time to extend expanded unemployment insurance

Source: Li Zhou, Vox

As of June, a staggering 33 million people have received unemployment benefits in recent weeks. It’s a huge figure—and one that isn’t likely to change as industries continue to navigate business closures and financial losses that have resulted from the coronavirus pandemic.

Earlier this year, lawmakers temporarily provided recipients of unemployment with an additional $600 per week as part of the CARES Act. That expanded unemployment insurance (UI) is set to end after July 31, but it’s become increasingly evident that the need for such support hasn’t gone away. What’s unclear, though, is whether Congress can agree on a plan to address the program’s fast-approaching expiration.

Read Full Article: Congress is running out of time to extend expanded unemployment insurance

 

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