Extra unemployment and stimulus check update: A few states are sending out aid this week
In the current vacuum of bipartisan stimulus aid coming from Washington (Congress is on recess until Labor Day, and both political parties are focused on their national conventions), your location will play a huge role in whether or not any aid is coming your way. Here’s the latest news heading into the weekend:
Meanwhile, after Congress left for August recess without passing a stimulus bill, Bloomberg reports that Republicans are circulating a new draft bill this week. It includes:
The proposed bill is $500 billion, half the size of the $1 trillion bill Republicans pitched late last month, and a fraction of the much more expansive $3.4 billion HEROES Act that Democrats passed through the House in March. Both Republicans and Democrats agree that a stimulus bill is necessary (gloomy jobs reports continue to appear), but neither side wants to give the other a victory in the run-up to November elections. Meanwhile, panic looms. Stay tuned.
This post has been updated to reflect that New York has joined the list of states that have received FEMA approval for the extra unemployment benefits.