Senate Democrats unveil plan to extend federal unemployment payments until an individual's state has a sustained unemployment of less than 6%.
“If we fail to renew the $600 per week increase in UI, millions of American families will have their legs cut out from underneath them at the worst possible time — in the middle of a pandemic when unemployment is higher than it's been since the Great Depression,” Schumer said in a statement.
But Democrats and some economists say that the expanded unemployment benefit prevented further economic fallout and was a lifeline meant to be a living wage replacement for more than 30 million Americans who lost their jobs as the economy shut down this spring. The measure would extend the $600 weekly benefit until an individual state’s unemployment level drops below 11 percent for three months. After that, it would reduce the expanded benefit by $100 for every percent that the unemployment rate falls until the state’s unemployment hits 5.5 percent.
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