Will Congress Extend the $600 Weekly Unemployment Boost?

The COVID-19 pandemic has caused millions of American workers to become either furloughed or unemployed, but thanks to the additional unemployment income provided by the CARES Act, many have been able to make ends meet.

Unfortunately, the $600 weekly unemployment supplement that has been in effect for nearly four months is set to expire at the end of this month, so this could be the last full week of enhanced benefits unless Congress acts quickly. Most states offer standard unemployment benefits that max out in the $300-$400 range per week, so this would mean a major pay cut for millions of people.

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Source Fool.com