Hundreds of thousands are maxing out unemployment benefits

As state employment benefits run out, the federal Pandemic Emergency Unemployment Compensation (PEUC) program has helped COVID-idled American workers get by, but funding for it is expiring. Funding for another program aiding the self-employed, Pandemic Unemployment Assistance (PUA), expires at the end of December. Congressional action is required to extend the income assistance, and that’s not happening.

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“Hundreds of thousands of Americans are about to max out their state unemployment benefits,” Kathryn Krawczyk, The Week

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Tags: CARES Act, economy, pandemic economic crisis, Pandemic Emergency Unemployment Compensation, Pandemic Unemployment Assistance, PEUC, PUA, unemployment benefits