Mitch McConnell says he hopes to negotiate a stimulus agreement 'in the next few weeks' with millions of Americans set to lose their enhanced unemployment benefits

• Senate Majority Leader Mitch McConnell said on Friday he hopes to reach a final stimulus agreement "in the next few weeks."
• The prolonged time frame could spell financial calamity for millions of unemployed Americans collecting boosted unemployment benefits that expire this weekend.
• Without any replacement in place, unemployed people drawing those boosted paychecks now face an income drop of 50% to 75% depending on their state unemployment benefits. 
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Senate Majority Leader Mitch McConnell said on Friday he would like to negotiate a new stimulus package with Democrats "in the next few weeks."

The time frame could spell financial calamity during a pandemic for millions of Americans collecting boosted unemployment checks, a $600 emergency federal supplement to state benefits that Congress approved in March. People on enhanced unemployment face a sharp income drop of 50% to 75% depending on their state's benefits.

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See Also:

• The GOP says it will roll out its initial coronavirus relief bill next week — after the $600 weekly unemployment benefit expires for millions of Americans
• Republicans are weighing a short-term extension for federal unemployment benefits, which would avoid a lapse in ramped-up payments for over 30 million Americans
• In 4 days, the $600 weekly boost in unemployment benefits will expire — and the GOP isn't expected to propose a replacement in their relief bill

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