The CARES Act $600 unemployment boost has ended. So now what’s next?

Partial view on a US Treasury payment check

Partial view on a US Treasury payment check

Greg Iacurci@GREGIACURCI

Because the Senate adjourned for the weekend without an agreement to extend or replace it after July 31, Americans are guaranteed to lose their $600 boost in weekly unemployment checks at least temporarily, after Friday.

Since ongoing negotiations between Democrats and Republicans are at an impasse, millions relying on that aid are in the dark as to what comes next.

Many experts say the economic recovery appears to have stalled or reversed, coronavirus infections are surging, eviction protections have expired for many and plans to reopen schools remain in flux, potentially requiring many parents to forgo work for child-care duties.  

Beth Akers, a senior fellow at the Manhattan Institute for Policy Research and a former staff economist on President George W. Bush’s Council of Economic Advisors said, “It’s not clear we’re on a very clear trajectory out of this economic downturn,” said“So I’m very concerned for when we take away the $600 from unemployed people.”

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