Recent news suggests the Trump administration wants to replace $600 unemployment benefit with a back-to-work bonus.
The Trump administration doesn’t want to extend the $600-a-week enhancement to unemployment benefits past July 31, according to Larry Kudlow, White House economic advisor. As a transition to work, the White House and congressional Republicans want to provide a temporary cash bonus to those who find a job. On the other hand, Democrats want to extend the $600-a-week payments until next year or gradually reduce aid as the unemployment rate falls.
In this video, Dr. Nitin Chhoda explores:
1. The Latest News from the White House
2. The Rationale from the Republicans
3. What You Should Do now