Trump just cost jobless workers one week of federal unemployment assistance after he failed to sign the relief bill by midnight on Saturday
President Donald Trump has said he wanted the relief bill to include $ 2,000 stimulus checks for Americans. Getty
President Donald Trump signed the latest laws to fight coronavirus not until midnight on Saturday, which cost unemployed $ 300 in unemployment benefits for a week.
Government agencies can only distribute benefits for weeks that the bill was passed, which means that the delay may result in unemployment benefit being distributed for 10 weeks instead of the intended 11.
Approximately 14 million Americans have also lost unemployment benefits as two federal programs expired on Saturday.
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President Donald Trump failed to sign the latest anti-coronavirus laws until midnight on Saturday. This move is likely to cost unemployed at least a week of unemployment benefits of $ 300.
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Trump had proposed rejecting the $ 900 billion stimulus package, which was passed in both houses of Congress earlier this week, unless it includes $ 2,000 stimulus checks for Americans.
The bill currently includes $ 600 checks plus $ 300 weekly federal unemployment insurance.
"I just want to bring in our great people $ 2,000 instead of the paltry $ 600 that is now on the bill. Stop the billions of dollars in 'pork' too," Trump tweeted Saturday morning.
The president has not made it clear whether he will sign the legislation, but the delay jeopardizes other federal aid programs and could prove costly to Americans whose unemployment benefits are due to resume on December 26th.
According to Michele Evermore, policy expert with the National Employment Law Project, Trump didn't sign the bill before the end of Saturday, cutting a week of $ 300 in unemployment benefits.
However, she warned that it would be difficult without federal guidance on how the raid would affect other unemployment programs.
"I'm not exactly sure how to interpret this - at least we'll lose a week of the $ 300," Evermore told Insider. "No matter what, if he doesn't sign, it's up to an additional $ 300 for 10 weeks next week."
The $ 300 unemployment benefit included in the bill is expected to end on March 14. This date will not change depending on when the bill actually comes into force.
Depending on when the bill is signed, the employment agencies can resume payments in the first week of January. Because states cannot service for weeks prior to billing approval, the $ 300 surcharge may only be valid for 10 weeks rather than the allotted 11 weeks.
Approximately 14 million people are at risk of losing unemployment benefits as Saturday was the last day two federal unemployment programs distribute their payments. They are the Pandemic Unemployment Assistance for gig workers and freelancers and the Pandemic Emergency Unemployment Compensation for people who have exhausted government benefits.
In tweets on Saturday, including one sent hours before midnight, Trump again called for the discharge bill to include higher stimulus checks.
Trump could still sign the package in the following days, although he has not indicated whether he will.
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