Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Extra Unemployment Benefits Could Be Reduced To $300 Weekly

by Precious Gibson
July 24, 2020
Reading Time: 1 min read
0
Unemployment Benefits
Share on FacebookShare on Twitter

Unemployed workers who were forced out of work due to the coronavirus pandemic will begin to receive an extra $200 or $300 a week in unemployment benefits, a huge difference from the current $600-a-week policy that will expire this month.

The prior relief bill took effect in March. This gave out-of-work citizens an extra $600 a week on top of their state payment. However, under the new bill, Americans will still collect additional funds on their unemployment checks, but this would apply to fewer citizens.

Republicans are in support of cutting the funding, claiming that it’s a disincentive to find a job since some workers receive more money than they made from their jobs.

According to a CNBC analysis, the new proposal outlined Thursday by Treasury Secretary Steven Mnuchin indicates that the average person could expect to get $310 a week from an upcoming relief package.

Ernie Tedeschi, an economist at Evercore ISI, says that cutting aid after July would likely hurt Americans and the economy, which has already been hurt by people cutting spending.

“That strikes me as fundamentally unfair, that workers wouldn’t get their full wages for something that was not their fault and was in most cases due to a public health necessity,” Tedeschi said of mandated business closures. “And it seems both economically unnecessary and economically hurtful to the U.S.”

Unemployment Benefits

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Unemployment

Related Posts

Kamala Harris Slams National Guard Deployment in L.A., Calls It a “Calculated Agenda” from Trump’s White House
News

Kamala Harris Slams National Guard Deployment in L.A., Calls It a “Calculated Agenda” from Trump’s White House

June 9, 2025

Kamala Harris is speaking out and is not holding back. The former Vice President called out Donald Trump’s administration for...

500 Marines Deployed to Guantanamo to Expand Migrant Operations Center for Deportees
News

Marines Headed to L.A.—Military Moves In as Immigration Protests Explode

June 9, 2025

It’s getting tense in Los Angeles as the U.S. military prepares to deploy about 700 Marines to the city, with...

sly stone
Entertainment

Music Legend Sly Stone Passes at 82—A True Pioneer of Funk and Soul

June 9, 2025

The music world has lost a giant. Sly Stone—the visionary behind the genre-defining group Sly and the Family Stone—has passed...

Bone Thugs-N-Harmony & Three 6 Mafia Join Forces for Epic 2025 Tour
Entertainment

Bone Thugs-N-Harmony & Three 6 Mafia Join Forces for Epic 2025 Tour—You Won’t Believe Who’s Coming With Them

June 9, 2025

Hip-hop royalty is hitting the road this fall. Bone Thugs-N-Harmony and Three 6 Mafia, two of the most iconic rap...

Next Post
David and Tamar

Tamar Braxton's Boyfriend Speaks Out, Says He Will Remain 'By Her Side'

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d