It's Been 2 Weeks Since The $300 Unemployment Benefits Were Implemented. Where Are They?
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The NY Times Reports: $300 Unemployment Benefit: Who Will Get It and When?
It has been two weeks since the current administration announced that there would be an extra $400 in extra weekly benefits to unemployed Americans. But as more information has come out, it seems like that federal supplement is now $300 week instead of $400. So far, only 1 state has started paying out benefits.
The additional $100 was supposed to be supplied by states, but most are struggling to meet other expenses. Tax revenues have been sinking at the same time that costs — like precautions to curb the spread of the coronavirus — have soared. Ultimately the administration said the states’ basic benefit payments could be counted toward their $100 share.
Montana is the only state so far to choose the $400 option, according to FEMA.
In order to receive the extra funds, you must qualify for at least $100 in unemployment benefits each week.
As of Sunday, funds had been approved for 26 states: Alabama, Alaska, Arizona, California, Colorado, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Mexico, New York, North Carolina, Oklahoma, Rhode Island, Tennessee, Texas, Utah and Vermont. Keith Turi, a FEMA official, said on the call on Thursday that the initial approvals were for three weeks. “We’ll add additional weeks from there as needed,” he said.
While the extra benefits will help many Americans, they will likely run out after 5 weeks as the current administration stated no more than $44 billion would be spent.
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