EconomyTop News

Republicans, White House seek $400 cut to weekly unemployment aid: report

imageEconomy14 hours ago (Jul 27, 2020 12:00PM ET)

WASHINGTON (Reuters) – U.S. Senate Republicans and the White House plan to seek a reduction in emergency federal weekly unemployment benefits from $600 to $200 until states can handle a more complicated benefit formula, the Washington Post reported on Monday.

Democrats, who control the U.S. House of Representatives, have sought to keep the current federal benefit in place. Senate Republicans are expected to unveil their latest coronavirus relief plan later on Monday.

Republicans, White House seek $400 cut to weekly unemployment aid: report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable.Stay informed and entertained, for free.Subscribe to our newsletter

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!