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IPFS News Link • Welfare: Social

GOP Reach Agreement On COVID-19 Relief; $600 Unemployment Boost Becomes 70% 'Wage Replacement

• https://www.zerohedge.com, Tyler Durden

Speaking with ABC's "This Week," White House Chief of Staff Mark Meadows said "I see us being able to provide unemployment insurance, maybe a retention credit, to keep people from being displaced or brought back into the workplace, helping with our schools," adding "we can negotiate on the rest of the bill in the weeks to come."

The Trump administration opposes an extension of a $600-a-week enhanced unemployment payment that expired this month, Mnuchin and Meadows said. Instead, White House officials favor a plan to reimburse an individual's lost wages or salary by up to 70%, said Mnuchin and Meadows. -Newsday

House Speaker Nancy Pelosi (D-CA) popped a fuse at the GOP proposal, blaming Republicans for waiting too long to negotiate for more relief after House Democrats passed a fifth, $3 trillion relief bill which would have included immediate aid to state and local governments, expanded testing and contact tracing for COVID-19.


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