From reporting in LaCrosse’s WIProud, “The money, which is officially named the Federal Pandemic Unemployment Compensation and was approved as part of the government relief package passed earlier this year, is set to officially expire on July 31.”
But there’s a hitch in the plan to revoke this benefit: COVID-19 isn’t going anywhere anytime soon, and our economy is far from “in the clear.” Much like a rapid rise in cases could cause us to isolate ourselves in quarantine, another panic by investors could send our economy tumbling to where it fell early in the year.
The article continued, “More than 20 million remain unemployed across the country. An additional 1.5 million people applied for state unemployment benefits last week, including 760,000 new claims for Pandemic Unemployment Assistance.”
Despite the gravity of these numbers, if things continue along this path, many unemployed in Wisconsin should expect the Trump administration to have pulled back those pandemic benefits by August. While Democrats continue to fight on Capitol Hill, proposing to maintain the $600-a-week payments through January of next year, Republicans are expected to oppose and kill the measure on the Senate floor.
You can read more, and keep tabs on the fate of unemployment benefits during COVID-19 here.