Coronavirus relief will include $1,200 checks and extension of eviction moratorium, Kudlow says

[truebluefan]

The next round of coronavirus relief will include $1,200 stimulus payments, and the Trump administration will lengthen the federal eviction moratorium, White House economic adviser Larry Kudlow said on Sunday.

“There’s a $1,200 check coming, that’s going to be part of the new package,” Kudlow said in an interview on CNN’s “State of the Union.”

Republicans have finalized the next relief bill, worth about $1 trillion, and will introduce it Monday. The legislation is set to provide temporary and reduced extension of unemployment benefits, another round of stimulus checks, liability protection for businesses and funding to help schools restart. It will also include $16 billion in new funds for testing and tax incentives to encourage companies to rehire employees.

Read more https://www.nbcnews.com/business/ec...checks-extension-eviction-moratorium-n1234955

 

[truebluefan]

Senate Republicans move to cut $600 weekly jobless benefit by two-thirds

Senate Republicans are moving to cut the expiring $600 weekly federal unemployment bonus to $200 a week in a new coronavirus aid package they released Monday.

The $200 flat benefit would last for about two months as states make the transition to a system that would grant unemployed people 70 percent of the wages they made before they lost their jobs.


"Our Democratic colleagues know this crisis is still urgent. I know they know American families need more help. So I hope this strong proposal will occasion a real response, not partisan cheap shots," Senate Majority Leader Mitch McConnell, R-Ky., said Monday as he announced some details of the plan.

Read more https://www.nbcnews.com/politics/co...e-cut-600-weekly-jobless-benefit-200-n1234997