Mississippi, the least generous state, paid an average $213 a week. Massachusetts, the most generous, paid $555. That means the typical jobless person in Massachusetts gets $1,368 more per month than in Mississippi. So, those same workers in Mississippi and Massachusetts can expect weekly payments of roughly $813 and $1,155 — increases of 282% and 108%, respectively, when compared with the prior status quo.

Senate Republicans struggled to finalize a $1 trillion coronavirus relief bill Wednesday, confronting internal divisions and continued White House demands for a payroll tax cut that most lawmakers oppose.
Several lawmakers speculated openly that they might be unable to make any deal with Democrats at all, suggesting the possible need for a stand-alone extension of unemployment benefits that expire at the end of this month.

“Now we’re doing it again,” he said. “They’re thinking about doing 70% of the amount.” It’s unclear whether Trump meant extra benefits could drop to $420 extra a week on top of state unemployment benefits, or if the benefits would be equal to 70% of a person’s prior income.

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.

Dr. Chhoda explores TWO important things in this article:
1. Why you should prepare for a temporary lapse in the $600/week unemployment benefit
2. The framework of future unemployment benefits

Senate Majority Leader Mitch McConnell outlined the THREE Pillars of the next stimulus package. This is big and it’s bold.
1. Kids
2. Jobs
3. Healthcare

In this important video, Dr. Chhoda explores important announcements from the Oval Office, as we read between the lines about what the next stimulus package could look like (quotes from the U.S Treasury Secretary in the Oval Office), for our subscribers.
INDICATOR 1 – $1 TRILLION OR MORE STIMULUS
INDICATOR 2 – KIDS AND JOBS AND VACCINES

House Minority Leader Kevin McCarthy, who is involved in negotiations for the second stimulus package along with U.S Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell, just announced that the second stimulus package may be postponed to August because of delays in negotiations between the House and Senate.

The GOP hasn’t reached consensus on whether – or by how much – to renew the enhanced federal benefits that are set to mostly expire by the end of the week, but the party has strongly indicated that the weekly $600 federal enhancement provided on top of state unemployment benefits would need to be reduced. Some lawmakers are floating the possibility that it could be modified to between $200 and $400 a week, according to The Washington Post.

What do you think about this video? Do you agree or disagree with this opinion. Please comment below and I will respond to as many comments as I can.
In this video, Dr. Chhoda shares his thoughts about the $600/week unemployment benefits booster and the response from the Federal Government.

ANOTHER FIRST – the only VIDEO explanation like this on the internet (not just on Youtube) WITH INSTRUCTIONS ON HOW TO ACCESS A DETAILED SPREADSHEET WITH ALL THIS DATA. Click LIKE / SUBSCRIBE / SHARE to get future updates and BREAKING, BALANCED NEWS to boost your financial knowledge.

In this video, we compare the $600 weekly unemployment booster with the back to work bonus and present you with both sides of the argument.
1. The Argument from the Republicans
2. The Biggest Problem with the Back to Work Bonus
3. The Big Picture (Jobs and Safety)