Americans face a steep drop in their unemployment benefits at a time when coronavirus cases are spiking again and more states are abruptly pausing their reopenings, trends that threaten to derail the nation’s economic recovery when millions are already out of work.
The cause of the shrinking unemployment checks? That extra $600 in weekly unemployment benefits that was passed under the CARES Act in March is set to end this week, dealing a blow to millions if Congress doesn’t pass new legislation. Another coronavirus relief package likely won’t be approved until after July, policymakers have warned.
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