When will the $400 Federal Unemployment Aid be given?

After Steven Mnuchin, the Treasury Secretary had been asked on several occasions about when the federal unemployment aid…
unemployment aid

After Steven Mnuchin, the Treasury Secretary had been asked on several occasions about when the federal unemployment aid will be given he finally spoke about it.

Donald Trump, the United States’ President signed an executive order that holds out the federal unemployment aid after unsuccessful negotiations between the Democrats and Republicans. According to the order, qualified unemployed people would receive a sum of $400.

As regards to this order, many people began to question Trump’s administration about when the unemployment aid will be given. Mnuchin finally addresses the issue, saying that states would start giving out the unemployment aid within two weeks.

On the other hand, Kayleigh McEnany, the White House Press Secretary had earlier told reporters that the millions of Americans would receive the federal aid “quickly” and “close to immediately.”  But, a specific time frame wasn’t given.

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Trump had also said that this federal aid would be distributed rapidly after he signed the executive order. Each state in the US is required to cover $100 or 25% of the benefit amount. The Federal Emergency Management Agency would be responsible for the unemployment aid worth $44 billion, according to Trump.

The state will contribute $100 while the $300 will be coming from the federal government, which amounts to $400. However, several governors didn’t concur with the $100 plan due to economic fall out experienced in their states. Therefore, the president maintained that his administration would be responsible for the $400.

The president also signed other executive orders asides the expansion of the federal unemployment payment. He signed executive orders as regards delaying payroll taxes, house eviction protection, and freezing student loans.

Also, the president revealed that he has plans to make permanent his executive order on payroll taxes as soon as he is re-elected this November.  

Featured image source: Sharon McCutcheonSharon

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