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$600 Unemployment Benefits Are About To End, Hitting Households And The Economy : Coronavirus Live Updates : NPR

$600 Unemployment Benefits Are About To End, Hitting Households And The Economy : Coronavirus Live Updates : NPR 1Tens of millions of Americans who lost their jobs because of the pandemic are now in danger of having their incomes slashed for a second time. The supplemental unemployment benefits of $600 per week that Congress approved four months ago are set to expire in less than two weeks — threatening to hurt strapped households and the U.S. economy, as billions of dollars’ worth in spending suddenly comes to a halt.

As Congress comes back into session this week, lawmakers will debate whether to extend the supplemental benefits, which have been a lifeline for more than 30 million people across the United States.

“The extra $600 from the government has obviously helped me tremendously,” said bartender Courtney Woodruff, who lost her job at a Denver brewpub. “I don’t really spend a lot. My money is going towards rent and food right now.

“While ordinary unemployment benefits usually cover just a fraction of a worker’s lost wages, the additional $600 per week from the federal government was designed to fully replace the average worker’s missing paycheck.

Source: $600 Unemployment Benefits Are About To End, Hitting Households And The Economy : Coronavirus Live Updates : NPR