Mitch McConnell says he hopes to negotiate a stimulus agreement 'in the next few weeks' with millions of Americans set to lose their enhanced unemployment benefits
Senate Majority Leader Mitch McConnell said on Friday he hopes to reach a final stimulus agreement "in the next few weeks."
Without any replacement in place, unemployed people drawing those boosted paychecks now face an income drop of 50% to 75% depending on their state unemployment benefits. Senate Majority Leader Mitch McConnell said on Friday he would like to negotiate a new stimulus package with Democrats "in the next few weeks."
The final beefed-up payments in 49 states are being distributed on Saturday, followed by New York on Sunday. The lapse also coincides with Friday's expiration of athat's guarded one-third of the nation's renters from evictions — or those living in buildings or homes with government aid. McConnell said at an event in Ashland, Kentucky: "Hopefully we can come together behind some package we can agree on in the next few weeks."filed for unemployment last week, up from 1.3 million the week before. It was the first increase since March, indicating the recession may deepen as the coronavirus pandemic rages on with rising infections in the US.
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