GOP senator urges Congress to pass unemployment benefit replacement by Friday

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GOP senator urges Congress to pass unemployment benefit replacement by Friday
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'We cannot allow us to go through a period where there is no employment insurance going out to people. $600 to zero is not a good option,' Ohio Sen. Rob Portman told CNBC.

that would cap total state and federal unemployment benefits at 70% of lost wages.

Republicans contend the $600 weekly benefit, which was instituted as part of the $2.2 trillion CARES Act passed in March, can act as a deterrent for some workers to return to the job because they might make more on unemployment insurance than prior to the pandemic.

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