[US] Last day for $600 unemployment benefit could fall this weekend

Without a timeline extension, enhanced unemployment benefits are likely to come to an end sooner than many Americans might realise. The end to such financial support could cause serious financial hardship for millions of families when the end of the month arrives. The federal coronavirus relief law enacted in March - the CARES Act - provided Americans receiving jobless benefits an extra $600 a week in aid until July 31. (Links via original reporting)

However, unless Congress passes legislation before the end date. to extend the timeline, that subsidy will end this weekend (on July 25 or 26). And an extension is looking increasingly unlikely. Payments are ending a week earlier than the CARES Act allows because of the administrative calendar the states use. All states have “benefit weeks” ending on a Saturday or Sunday but July 31 is a Friday so states must stop paying the $600 this weekend. CNBC reports the tough choices ahead.

Without a timeline extension, enhanced unemployment benefits are likely to come to an end sooner than many Americans might realise. The end to such financial support could cause serious financial hardship for millions of families when the end of the month arrives. The federal coronavirus relief law enacted in March - the CARES Act - provided Americans receiving jobless benefits an extra $600 a week in aid until July 31. (Links via original reporting)

However, unless Congress passes legislation before the end date. to extend the timeline, that subsidy will end this weekend (on July 25 or 26). And an extension is looking increasingly unlikely. Payments are ending a week earlier than the CARES Act allows because of the administrative calendar the states use. All states have “benefit weeks” ending on a Saturday or Sunday but July 31 is a Friday so states must stop paying the $600 this weekend. CNBC reports the tough choices ahead.