The New Stimulus Bill Gives Unemployed Workers an Extra $600 per Week. That’s Huge.

The economic aid package that Senate Democrats are currently negotiating with the White House includes a significant expansion of unemployment benefits for Americans who have lost jobs or been furloughed due to the coronavirus crisis. But it’s not quite what Senate Minority Leader Chuck Schumer has described publicly. Depending on who you are, it might actually be a better deal.

That is not actually how the program will work. The current draft bill, which was sent to me by a Democratic policy aide, offers jobless Americans a flat weekly payment of $600 on top of the ordinary unemployment benefits they would usually receive, for up to four months. It also extends regular unemployment insurance for an extra 13 weeks and makes more former workers eligible. The spending is federally funded.

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