On Capitol Hill, the Republican-controlled Senate is expected to unveil a $1 trillion proposal today for the long-awaited second coronavirus relief package. The legislation includes another round of $1,200 stimulus checks, according to Treasury Secretary Steve Mnuchin, and scraps the $600 weekly boost in unemployment benefits, which Democrats are fighting to extend. Instead, unemployment will cover 70% of lost wages, which will likely amount to approximately $200. Republican senators are also trying to pass Mitt Romney’s TRUST ACT as part of the bill, which would gut Social Security and Medicare.
Senate to Unveil New Coronavirus Stimulus Bill Cutting Unemployment Benefits
HeadlineJul 27, 2020