Luckily for the U.S. economy, Congress passed the Cares Act to help out unemployed Americans. As of today, the extra $600 stimulus is set to end on July 25th. This means that Americans will no longer receive the weekly $600, but will Congress extend this date?
Speculations show that Congress has three options regarding this topic. They can refuse to extend the unemployment benefits, use a stop-gap measure for benefits, or extend the benefits but cut the weekly amount.
It seems to be that the most popular decision would be to extend the benefits but reduce the weekly benefits amount. This could mean that those on unemployment will be receiving around $200 to $300 per week rather than $600. The next few days will be very important for our countries economy. For more information, visit "Stimulus Update: $600 A Week Unemployment Benefits End Tomorrow".
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