TOPLINE
Earlier this month, President Trump signed an executive memo to the Federal Emergency Management Agency (FEMA) to provide an additional $ 300 per week in additional unemployment benefits to people who have lost wages due to the coronavirus pandemic to a more comprehensive program (that $ 600 paid per week) expired in July. Here is the latest:
Donald Trump speaks during a campaign rally at The Defense Contractor Complex on August 18, 2020, in … [+]
KEY FACTS
Ten states have been approved so far: Arizona, Colorado, Idaho, Iowa, Louisiana, Missouri, Montana, New Mexico, Oklahoma and Utah.
There are more state applications in process – including from Michigan and Pennsylvania – and South Dakota has already completely rejected the program.
Arizona is the only state that started paying the weekly $ 300, according to CNBC.
Trump’s memo allocated a total of $ 44 billion in disaster funding for the entire program, which will run through the end of December.
However, experts agree that the money will not last nearly as long.
According to a FEMA memo, the new program will transfer funding of only three weeks to states once they are approved, with each subsequent funding decided on a weekly basis to ensure there is enough in the pot for other states that ‘ t tapasse.
Large number
28 million. That’s how many people receive some form of unemployment benefit, according to the Department of Labor.
Key background
Trump’s loss program came after days of deadlock on Capitol Hill, when White House negotiators and top Democratic lawmakers were unable to reach an agreement on how – or if – an additional $ 600 a week in unemployment benefits from the CARES law extended in negotiations on next round of federal legislation on coronavirus relief. In the original memo, Trump authorized states to pay out $ 400 a week in additional benefits, with 75% of that fund coming from the federal government and 25% from the states themselves. That provision caused immediate backlash from state officials, including the government of New York, Andrew Cuomo and Govin Newsom of California, who said they could not chip in the extra $ 100 a week because of the steep toll the virus was already taking. the state took budgets. Subsequent guidance from the Department of Labor stated that states should not contribute to the program to receive the federal benefit.
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The Benefit of President Trump’s $ 300 Unemployment: A State Update (Forbes)
Mnuchin slams Democrats, but says Stimulus talks could resume this week (Forbes)
It’s official: Trump’s pledge $ 400 Weekly unemployment check likely only $ 300 (Forbes)
Not one state has said it will pay another $ 100 a week in unemployment under Trump’s plan (Forbes)
