AOC aims to expand pandemic unemployment insurance: what if you need the cash now – Loans For People On Benefit
Posted on September 20, 2021 September 20, 2021 Author Victor A. Ellis	Comments Off on AOC aims to expand pandemic unemployment insurance: what if you need the cash now	
Representative Alexandria Ocasio-Cortez (DN.Y.) announced at a virtual town hall on Tuesday that it plans to introduce a bill to extend the additional $ 300 in Pandemic Unemployment Assistance (PUA) until early next year.
The Extend the law on unemployment assistance of 2021 would amend the CARES Act, enacted by former President Donald Trump in March 2020. The amendment would change the benefit expiration date from September 6, 2021 to February 2, 2022, retroactively reimbursing unemployment beneficiaries for additional weeks of benefits.
Almost half of states have already ended supplemental unemployment insurance in the event of a pandemic in June 2021. research by economist Michael Stepner of the University of Toronto found that these 22 states saw employment increase by 4.4 percentage points, but the decline in the number of unemployed led to a significant drop in consumer spending.
The Department of Labor (DOL) collects taxes from employers, who finance the unemployment insurance program, according to the Center for Budget Policy and Priorities (CBPP). The federal government passes the funds to the states, and the states oversee the payment of unemployment benefits.
Personal loans can be a smart alternative to revolving credit card debt with lower fixed interest rates. The average interest rate on a two-year personal loan was 9.58% in the second quarter of 2021, compared to an average credit card interest rate of 16.30% on all accounts valued at interest, according to the Federal Reserve.
Posted on June 28, 2021 June 28, 2021 Author Victor A. Ellis
When Governor Jim Justice and his family take on their longtime banker in court, the lawyer on the other side will be an old political enemy. Goodwin stand Charleston attorney Booth Goodwin, a former US attorney who ran against Justice for the Democratic nomination for governor in 2016, now represents Carter Bank & Trust. He […]