Local consumer spending is expected to fall 44 percent without the extension of the $600 payments that supplemented 30 million Americans' unemployment benefits.
The House Democrats thanked Pelosi and Hoyer for scheduling a legislative vote over the weekend on U.S. Postal Service funding and asked that they also use that time to consider the proposed Worker Relief and Security Act, which"would extend unemployment benefits to those who need it and ensure benefits last for the duration of the recession by tying continued enhanced unemployment insurance to the health crisis and economic indicators.
The letter, whose signees are led by Representatives Scott Peters, Don Beyer and Derek Kilmer, noted that Congress extended these benefits 13 times during the last recession."As Democrats, we know how important it is to get aid to the people who need it most.
House Democrats have pushed for the $600 unemployment benefits, which were approved in the CARES Act passed in March, to be extended in the next relief bill, while Senate Republicans have offered a much lower weekly $200 payment. According to a new paper from the National Bureau of Economic Research, local consumer spending is expected to fall 44 percent without extension of the $600 payments. The paper said that even if federal aid is reduced to $200 a week, spending is expected to decline by 28 percent.reached out to the offices of Peters, Beyer and Kilmer but did not hear back in time for publication.
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