Trump’s $300 Unemployment Checks Are Running Out And There’s No More Funding In Sight

The money for President Trump’s $300 weekly unemployment program is already running out in some places, even though more than half of states have not yet begun paying any benefits under the new program.

 

This week, FEMA told Tennessee and Texas that funding for the Lost Wages Assistance program would stop after the week ending September 5.

 

People eligible for the program in those states can still receive retroactive payments for the six weeks between August 1 (when the program started) and September 5.

 

A FEMA spokesperson told CNBC that every state that applied to the program by the September 10 deadline will receive six weeks of retroactive benefits (nearly every state has applied and been approved already).

 

FEMA has now paid out $30 billion of the $44 billion in disaster relief money allocated to the program by Trump’s executive order.

 

While nearly every state has been approved for the grants, more than half of states have yet to send out any money.

 

The only way to authorize new spending on federal unemployment benefits is through Congress: President Trump can reallocate money via executive order like he did for this program, but he can’t singlehandedly appropriate any new funds.

 

884,000. That’s how many people filed new temporary jobless claims last week, essentially unchanged from the week before. It’s a sign that while the labor market has made some gains since the worst of the pandemic slowdown in the spring, the recovery has now begun to stall.

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