A
Andy Meek
Guest
- An extra $600/week in unemployment benefits, which Congress approved as part of the $2.2 trillion coronavirus relief package back in March, is set to expire on July 31.
- What most people may not realize is that this week is actually the final week those unemployment benefits will be paid.
- The money is paid out for weeks that end on a Saturday or Sunday. July 31 this year happens to be a Friday.
Because of a stipulation in the way benefits are paid out, the extra $600/week in unemployment aid that was included in the $2.2 trillion relief package Congress passed back in March as a result of the coronavirus pandemic will actually end in advance of its July 31 expiration.
The benefits are only provided for weeks that end on either a Saturday or Sunday. Because July 31 this year, the expiration date for the $600 bump in weekly benefits, is a Friday, that means this week is actually the final week millions of jobless Americans will receive this aid -- meaning that a major stimulus benefit is set to evaporate in a matter of days, and leading many people to worry this will throw the US into even deeper negative financial straits.
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Millions of people will lose a major stimulus benefit after this week originally appeared on BGR.com on Mon, 20 Jul 2020 at 12:48:19 EDT. Please see our terms for use of feeds.
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