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Summary List PlacementThe House of Representatives passed the long-awaited $900 billion stimulus plan, sending it to the Republican-controlled Senate for a vote on Monday evening. The 5,593-page bill was passed overwhelmingly 359 to 53. Speaker Nancy Pelosi said earlier on Monday morning that she supported the package, but wanted additional aid spending once President-elect Joe Biden takes office in January. "I look forward to...

Summary List Placement Treasury Secretary Steven Mnuchin wants to redirect unspent stimulus money into the American economy, he said on Thursday evening. "I hope that Congress will seriously consider reallocating $580 billion of funds that have already been appropriated that wouldn't cost taxpayers an additional penny," he told Bloomberg. The pool of funds includes money appropriated by Congress through the CARES Act in March....

Summary List PlacementPresident Donald Trump called on Congress to pass a coronavirus relief bill on Saturday in his first stimulus remarks since losing the election to Joe Biden. "Congress must now do a Covid Relief Bill," he wrote on Twitter. "Needs Democrats support. Make it big and focused. Get it done!" Congress must now do a Covid Relief Bill. Needs Democrats support. Make it...

Summary List Placement Congress has not passed another economic rescue package ahead of Election Day — and political gridlock threatens to delay the arrival of federal aid for millions of people and small businesses with potentially disastrous consequences. The US is experiencing a sharp spike in the number of coronavirus infections and case counts are reaching record highs, according to a New York Times...

Summary List Placement The Trump administration's $1.8 trillion stimulus offer is receiving significant backlash from both Democrats and Senate Republicans, dampening the odds of a government rescue package to keep individuals and businesses afloat ahead of the election. In a letter to her caucus on Saturday, Speaker Nancy Pelosi called the plan "insufficient" and said it amounted to "one step forward, two steps back."...

Summary List Placement President Donald Trump abruptly pulled the plug on negotiations for another coronavirus spending package on Tuesday, all but ending the prospect of additional federal relief before the November election. The announcement on Twitter sparked a sharp drop in the stock market, with the Dow Jones industrial average immediately erasing gains finishing the day 376 points lower. The delay in the arrival...

Trump held a last-minute press conference on Friday at his golf club in Bedminster, New Jersey, and claimed to be ready to move forward with executive action on coronavirus relief. He said he was prepared to press on with enhanced unemployment benefits, an eviction moratorium, a payroll tax cut, and student loan relief. But his executive authority remained unclear with Congress holding the power...

The GOP is pushing to reduce the enhanced unemployment benefits to around $200 a week. The move could shed an estimated 3.4 million jobs from the economy, according to the left-leaning Economic Policy Institute. Many economists credit the federal government's intervention in boosting state unemployment checks with prompting quicker rebounds in consumer spending that helped prop up the economy during a recession. Visit Business...

US jobless claims for the week ending May 16 totaled 2.4 million, the Labor Department said Thursday. That matched the median economist estimate of 2.4 million claims.  That raises the nine-week total to nearly 39 million. It's the seventh week in a row in which claims have declined but remained historically elevated. "Each week of such high claims is a disaster in its own...

Unemployment benefits are considered compensation, just like income from a job. Under the CARES Act, the federal government is paying eligible unemployed people an extra $600 a week until July 31. The additional payment is added on to your regular benefits and will be taxed as income. Read more personal finance coverage. Millions of Americans seeking unemployment benefits due to the coronavirus pandemic are...

More than 30 million Americans are seeking unemployment benefits during the coronavirus pandemic. Under the CARES Act, the government expanded the scope of unemployment insurance to pay more money for a longer period of time. The amount and length of pay varies by state, but the CARES Act added an additional 13 weeks to every state's maximum pay period. As long as you are...

Business Insider invites you to a free, live webinar answering questions about US unemployment benefits in the current climate. The Q&A event will take place at 1 p.m. E.T. on Friday, May 1, in Zoom's webinar format. Sign up for the webinar here. Submit emailed questions ahead of time to yourmoney@businessinsider.com. More than 26 million Americans have filed for unemployment benefits in just five...

On Thursday, the Labor Department released its weekly jobless claims report, showing 4.4 million Americans filed for unemployment in the week ending April 18.  In the last five weeks, 26 million Americans have lost jobs and filed for unemployment benefits as economic fallout from the coronavirus pandemic continues.  Here's what five economists said following Thursday's weekly jobless claims report.  Visit Business Insider's homepage for...

Each state has its own requirements to qualify for unemployment benefits, but in most cases you must have been laid off through no fault of your own. Self-employed workers, independent contractors, and part-time workers typically do not qualify for unemployment benefits, but are now covered under the federal government's coronavirus relief package. Anyone who is sick with the virus or helping a loved one...