Will Fed $600 Unemployment Benefits Really End July 31?

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Maria Cristina Mahlstedt PA

Date Published: 2022-03-20

Will Fed $600 Unemployment Benefits Really End July 31?

Benefits authorized under the CARES Act expire July 31, but it’s now clear that many people will still be out of work. Congress has floated a few different proposals.

WASHINGTON (AP) – A debate in Congress over whether toRead more extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million – one in five workers.

 

The money, included in a government relief package enacted in March, is set to expire July 31. Yet with the unemployment rate widely expected to still be in the mid-teens by then, members of both parties will face pressure to compromise on some form of renewed benefits for the jobless.

 

Democrats have proposed keeping the $600-a-week payments through January in a $3 trillion relief package that the House approved this month along party lines. Senate Republicans oppose that measure. They have expressed concern that the federal payments – which come on top of whatever unemployment aid a state provides – would discourage laid-off people from returning to jobs that pay less than their combined state and federal unemployment aid now does.

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