Trump reportedly opposes extending the $600 boost in weekly unemployment benefits as jobless levels reach record highs

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Trump is reportedly opposed to extending ramped-up unemployment benefits which added $600 to laid-off workers’ weekly checks. The boosted unemployment payments are part of the CARES Act approved in March, and they are set to expire on July 31. But experts say the expiration of the initiative would amount to a significant pay reduction for millions of laid-off workers while unemployment is soaring to record levels. Visit Business Insider’s homepage for more stories.

President Trump is reportedly opposed to extending the $600 boost in unemployment benefits past July 31, a move that would drastically cut the

Read more    Source: businessinsider.com

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