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Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Tuesday, April 7, 2020.White House economic advisor Larry Kudlow said Sunday that the next round of coronavirus relief will include $1,200 stimulus payments to Americans as well as an extension of the federal eviction moratorium.
"There's a $1,200 check coming, that's going to be part of the new package," Kudlow said in an interview on CNN's "State of the Union."a temporary and reduced extension of unemployment benefits, another round of stimulus checks, liability protection for businesses and funding for schools. "The check is there, the reemployment bonus is there. The retention bonus is there," Kudlow said of the next relief legislation. "There will be breaks, tax credits for small businesses and restaurants."The $600 weekly supplement to state unemployment checks that was imposed in March ended on Saturday. Democrats want to extend the aid while Republicans are set to reduce the subsidy, arguing that extended aid is a disincentive for unemployed Americans to find work.
As negotiations continue, it's not yet clear when the potentially reduced unemployment supplement would be imposed. The U.S. unemployment rate has surged to above 10% because of the pandemic, with nearly 32 million Americans now receiving unemployment benefits, according to the Labor Department.
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