Stimulus negotiations: GOP's $1 trillion opening bid would cut unemployment benefits

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Stimulus negotiations: GOP's $1 trillion opening bid would cut unemployment benefits
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The extra $600 that was going out to unemployed Americans would drop to $200 in the GOP's stimulus plan, sources say. Follow the latest negotiations.

Washington Senate Republicans, after days of delays and struggles to line up with the White House, will release their $1 trillion coronavirus relief package Monday afternoon, which includes a cut of $400 to the enhanced unemployment benefit for Americans out of work from the Covid-19 crisis.

To give a sense of the optimism on the GOP side right now, White House officials spent much of the weekend floating a less ambitious Plan B option -- before their Plan A even sees the light of day.Bottom line: For most recipients of the $600 federal unemployment benefit enhancement, the final checks went out a few days ago. The official deadline is July 31. The federal eviction moratorium expired last week.

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