About 12 million jobless workers around the U.S. will lose their unemployment benefits the day after Christmas, according to a new analysis. The benefits cutoff could push many households into poverty while creating headwinds for the economic recovery, experts say.
Two key government programs authorized by the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act expire on December 26. One is the Pandemic Unemployment Assistance program, which provides jobless aid to freelance and gig workers. That would deprive 7.3 million workers of urgently needed income, according to a study released Wednesday by The Century Foundation, a progressive think tank. CBS News
- Protestor locks to Enbridge pipe yard gate
- Sycamore eyes purchase of Ann Taylor, Loft out of bankruptcy
- Cleveland-Cliffs' shares climb 73% in 3 months
- Domestic steel production inches up
- Verso puts Wisconsin paper mill sale on hold
- FTC gives early OK to Cliffs' acquisition of ArcelorMittal
- Rare earth riches might be recoverable from mine waste pile
- New decisions clear path for Enbridge Line 3
Sign up for one of our email newsletters and stay informed!
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.