Top
image credit: Pixabay

The federal $300 unemployment benefit is set to expire. Will there be a replacement?

September 14, 2020

Via: Fortune
Category:

President Donald Trump signed a memorandum last month to provide a $300 enhanced weekly unemployment benefit to be paid on top of state benefits.

But the $44 billion allocated by Trump for the enhanced unemployment benefit, which comes from the Federal Emergency Management Agency’s (FEMA) budget, is expected to run out this month. In fact, On Wednesday, Texas became the first state to announce it had depleted the funding and will discontinue payments.

Trump opted to sign a memorandum once it became clear Congress wouldn’t reach a deal to replace the $600 enhanced benefit—which expired the week ending July 25. However, it may be harder—or legally impossible—for him to do so again.

Read More on Fortune