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$600 federal unemployment benefit will expire Friday, no deal reached. - Business Insider

$600 federal unemployment benefit will expire Friday, no deal reached. - Business Insider

$600 federal unemployment benefit will expire Friday, no deal reached. - Business Insider
Jul 31, 2020 34 secs

Congress failed to pass legislation to extend federal unemployment benefit on Thursday, The New York Times reported. .

On Thursday, Senate Democrats blocked a Republican bill that would have extended federal unemployment benefits but cut the $600 a week amount to $200 through the rest of 2020.

Senate Democrats tried to pass a $3 trillion stimulus measure, which was approved in the House in May and would have included an extension on the full $600 a week benefit until January 2021.

The $600 benefit was passed by Congress in March as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help those impacted by the economic fallout from the coronavirus pandemic and will expire on Friday. ?

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