Number of the Day Shows Potential Lifeline for Jobless
Our take on the most relevant or interesting figure in personal finance today
That’s how many more weeks of unemployment relief workers could get if Congress passes the latest proposed economic rescue package.
After months of revising a second stimulus bill, Congress unveiled a $748 billion proposal on Monday that would extend two pandemic unemployment assistance programs—Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC)—that are set to expire Dec. 31, into April. The proposal does not include stimulus checks, but Americans receiving regular state-level unemployment insurance would get an extra $300 per week in federal benefits for these additional 16 weeks.
If passed, the Centers for Disease Control and Prevention would delay its eviction moratorium expiration date from Dec. 31 to Jan. 31. The new bill would also extend the deadline for federal student loan forbearance from Jan. 31 to April 1, and provide $25 billion in rental assistance to state and local governments.