$600 federal unemployment benefit will expire on Friday without a deal - Business Insider

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$600 federal unemployment benefit will expire on Friday without a deal - Business Insider
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'We're nowhere close to a deal': $600 federal unemployment benefit likely to expire on Friday, impacting millions of Americans

New Yorkers in need wait in a long line to receive free produce, dry goods, and meat at a Food Bank For New York City distribution event at Lincoln Center on July 29, 2020 in New York City.The $600 weekly federal unemployment benefit will expire on Friday without an agreement between Congress and the Trump administration.

"We're nowhere close to a deal," Mark Meadows, White House chief of staff, told reporters on Wednesday, The New York Times reported. Republicans want to reduce the pandemic-related benefit to $200 a week, but Democrats want the full amount extended through January 2021.Democrats and the Trump administration are "nowhere close to a deal" on extending the $600-a-week federal unemployment benefit, White House Chief of Staff Mark Meadows told reporters on Wednesday.

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

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