At its peak over the summer, expanded federal unemployment benefits funneled some $12 billion weekly into individual bank accounts, money that propped up spending, padded savings and fueled rehiring.
But those benefits are expiring by the end of this year, prompting calls for a more extended safety net while a coronavirus vaccine is rolled out.
βRight now, the full Congress should come together and pass a robust package for relief to address these urgent needs,β Biden said as he presented his incoming administrationβs economic team.
