Federal unemployment set to expire, as GOP Senate leaders to unveil stimulus package on Monday

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GOP leaders and the White House say they have reached an agreement on what they will propose on Monday. “Data-reactid =” 29 “> The Republican version of a new pandemic economic stimulus package is expected to arrive next week, according to reports, as GOP leaders in the Senate and White House claim to have reached a agree on what she will offer on Monday.

unemployment benefits end tomorrow, leaving millions of unemployed people dependent on their state benefits, even as an outbreak of new coronavirus cases has closed many businesses that have reopened and have kept others closed since March . “Data-reactid =” 30 “> Federal unemployment of $ 600 Benefits end tomorrow, leaving millions of unemployed people dependent on their state benefits, even as an outbreak of new coronavirus cases has closed many businesses that have reopened and have kept others closed since March.

Democrats passed their own first aid kit in the House in May. Now both sides will attempt the difficult task of reaching a compromise on what will be in the final version of the bill. “Data-reactid =” 40 “> Democrats adopted their own back-up plan in the House in May. two parties will attempt the difficult task of reaching a compromise on what will be in the final version of the bill.

According to Treasury Secretary Steve Mnuchin, the Republican version of this second stimulus would offer federal unemployment based on about 70 percent wage replacement. Previous reports say that means benefits of between $ 200 and $ 400, while Democrats argue for maintaining the $ 600 level.

The validity period of the federal extension is not known and will likely be a sticking point. But Senate Majority Leader Mitch McDonnell earlier this week called it “temporary.” It is likely to last at least until December, according to reports.

The new plan also includes another set of stimulus checks. McConnell again suggested that this would be part of the deal, but would only cover those earning $ 40,000 a year or less, especially in hospitality industry service workers. The first stimulus threshold for a personal $ 1,200 check was $ 75,000.

The proposal also includes protections from coronavirus lawsuits, funds for testing, money to help restart schools for campus attendance, and a second round of paycheck protection program loans for small businesses that have been particularly affected by the pandemic.

If the bargaining prolongs the lack of federal money for several weeks, many unemployed people may suffer. Moratoriums on rent payments are expiring and mortgages are overdue for many unemployed people. Federal funds made up for that, but the Conservatives say the big injection has kept some people from looking for what work exists.

Nancy Pelosi and Senate Minority Leader Chuck Schumer said, “We expected to work throughout this weekend to find common ground on the next COVID response package. It is simply unacceptable that Republicans have had all this time to build consensus among themselves and continue to struggle, ”they said. “Time is running out and lives are being lost. “” Data-reactid = “46”> Democrats have complained about the Republican plan to wait until Monday. In a joint statement on Friday, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said, “We expected to work throughout this weekend to find common ground on the next COVID response packet. It is simply unacceptable that Republicans have had all this time to build consensus among themselves and continue to struggle, ”they said. gasoline and lives are lost.

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