Schumer-Wyden Bill Would Extend $600 Weekly Unemployment Boost

Senate Minority Leader Chuck Schumer (D-N.Y.) and Sen. Ron Wyden (D-Ore.) Wednesday rolled out legislation that would extend the “supercharged” federal subsidy to unemployment insurance.

The proposal would extend until March 2021 the current $600 a week unemployment boost, though it includes an “automatic stabilizer” to phase down the benefit in states where the three-month average jobless rate declines below certain thresholds. The subsidy, established in the CARES Act (Public Law 116-136), is set to expire July 31. Talks on whether, or how, to extend it will be a major talking point ...