$600 unemployment benefit ending will hurt people in these states the most

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Maximum benefits by state range from $823 down to only $235, so when that extra bump goes away, many of the unemployed will be hurting. The extra $600 that has been tacked on to the unemployment checks of millions of workers laid off because of the COVID-19 pandemic is about to dry up. On July 25—a week earlier than originally announced—the unemployed will go back to collecting the benefit allowed by their home state. Read Full Story

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When do the $600 in extra unemployment benefits end? Earlier than we thought

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For months, the widely publicized end date of the weekly benefits was July 31. But this is a misunderstanding. Confusion reigns over when the $600 in additional unemployment payments end. For months, the widely publicized end date of the weekly benefits was July 31. But this is a misunderstanding: The extra $600 benefit is set to be paid through the week ending July 25-26. Read Full Story

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$600 unemployment: If Congress lets it expire, it won’t be pretty, says Chase

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The study found that while aggregate spending of the employed was down by 10% during the initial months of the pandemic, spending by people on the unemployment benefit increased by 10%. The extra $600 per week in unemployment benefits that was part of the COVID-19 CARES Act passed in March 2020 did more than just help the recently unemployed stay afloat. It helped stimulate the economy, too. That’s according to a finding from a study done by the JPMorgan Chase Institute. Read Full Story

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This map shows where Americans are most at risk of eviction

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As extra $600 weekly federal unemployment nears its end, paying the rent may become even harder for millions of Americans still out of work due to the coronavirus. Here’s where the problem is most acute. As businesses that closed because of the pandemic begin to reopen, millions of Americans are still unemployed. By the end of July—unless the government acts—they’ll stop getting the extra federal unemployment benefit of $600 a week that came as part of the CARES Act. For as many as 6.7 million renters, that might mean facing eviction. Read Full Story

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Heroes Act 2.0 update: Here’s what’s in the Dems’ new stimulus package, including $1,200 checks

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Not only would most Americans get another $1,200 stimulus check, but the Democrats’ revised bill would also bring back the extra $600 per week in unemployment benefits. Back in May, the Democrat-controlled House of Representatives passed the Heroes Act , a $3 trillion coronavirus relief bill that would have extended the then-current $600 weekly unemployment benefits to Americans until January 2021 and also would have issued another round of $1,200 stimulus checks. Read Full Story

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Extra $300 unemployment update this week: How long before LWA benefits arrive?

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The Lost Wages Assistance Program roller coaster continues. The Lost Wages Assistance Program roller-coaster continues: Roughly half of the U.S. states are currently distributing the extra $300 unemployment benefit; half haven’t started yet; and now the $44 billion FEMA coffers that were funding the program are reportedly near empty. Here’s the latest update for Americans expecting benefits: Read Full Story

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Second stimulus check and unemployment update: What’s next with Congress going on vacation?

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Congress and the White House are dropping the ball on the next stimulus package. Here’s what that means for unemployment and direct payments. The $600 weekly extra unemployment benefit ended last week, and the Paycheck Protection Program for small businesses expires this weekend. Also, there is no second stimulus check in sight. What aid does Congress have in store for desperate Americans and businesses that are still suffering amid the coronavirus pandemic ? Nothing. Congress begins vacation at the end of the day. Read Full Story

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