Senate Republicans to unveil $1-trillion coronavirus aid package as unemployment benefits set to expire

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Senate Republicans to unveil $1-trillion coronavirus aid package as unemployment benefits set to expire
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On Friday, an extra $600 per week in supplemental unemployment benefits is due to expire, severing a financial lifeline for laid-off workers and a key support for consumer spending

But the extra funds – in some cases exceeding a workers’ former wages – was a sticking point for many Republicans, helping to delay agreement during a week of wrangling over the party’s negotiating position.

Mnuchin and Meadows earlier on Sunday floated the idea of a piecemeal approach to coronavirus aid, first addressing unemployment and demands by businesses and schools to be shielded from coronavirus-related lawsuits, while tackling other issues later. House Speaker Nancy Pelosi said on CBS’ “Face the Nation” on Sunday that if necessary, the House would stay in session until a deal is passed and added that Democrats would not accept a measure urged by Republicans to include liability protections for employers.

The Republican plan will include another round of direct payments of $1,200 for individuals, White House economic adviser Larry Kudlow told CNN. He said it also would extend a federal moratorium on housing evictions contained in previous relief legislation.

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