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Treasury Secretary Steven Mnuchin told CNBC that the Republican coronavirus relief plan will extend enhanced unemployment insurance “based on approximately 70% wage replacement.”
Congress is scrambling to pass another coronavirus aid bill as the $600 a week enhanced unemployment benefit expires at the end of the month and the outbreak spreads throughout the country.
Republicans hope to release their pandemic relief plan as soon as Thursday, then negotiate a final bill with Democrats.
Watch the original interview with U.S Treasury Secretary Steven Mnuchin CNBC here