Goodbye, extra $600: Unemployed workers should not get benefits greater than their old wages in next stimulus bill, Mnuchin says
Treasury Secretary Steven Mnuchin said Thursday that the Trump administration wants to cap enhanced unemployment benefits in the next coronavirus package to make sure workers do not get benefits amounting to more than their former wages.
Critics claim companies are experiencing difficulty in recruitment, despite a national unemployment rate above 11%. The add-on expires in late July. Mnuchin said he that and Mark Meadows, the White House chief of staff, talked with Senate Majority Leader Mitch McConnell on Wednesday and that their goal was to pass the next coronavirus aid bill between July 20 and the end of the month.
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The extra $600 unemployment benefit probably won't be extended—here's what to knowThe Trump administration wants to cap the benefits in the next stimulus bill so that workers don't receive more in unemployment than they did at their jobs, Treasury Secretary Steve Mnuchin said.
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Trump Administration On Next Stimulus: Unemployed Shouldn’t Be Paid More Not To WorkThe Trump administration on the next stimulus: Treasury Secretary Steven Mnuchin said any extension of enhanced unemployment benefits must be fair to both employers and employees
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More Stimulus Checks Now More Likely, But Not For EveryoneSupport from McConnell makes inclusion of stimulus checks in the next stimulus bill more likely, but tighter income targets are likely.
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Trump administration supports 2nd round of stimulus checks: Mnuchin - 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.
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Views on recovery are impacting the debate over extending unemployment benefitsEven with some jobs lost to the coronavirus pandemic beginning to return, over 30M people are still receiving unemployment assistance and some fear President Trump's rosy assessment could leave them destitute if it goes away.
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U.S. Treasury chief supports more direct payments in next coronavirus aid billU.S. Treasury Secretary Steven Mnuchin said on Thursday that he supports another round of direct payments to individuals as part of the next coronavirus legislation and is working to get it passed by Congress by the end of July.
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