When Will You Receive Your $400 Federal Unemployment Aid?
Treasury Secretary Steven Mnuchin finally commented on when unemployed Americans could start to receive the $400 federal unemployment aid after several reporters asked him.
On Saturday, President Donald Trump signed an executive order that extends the federal unemployment aid after the stimulus negotiations between the Republicans and Democrats failed to reach an accord. Based on the order, an amount of $400 will be given to qualified unemployed individuals.
Following this, many raised questions to Trump's administration as to when to receive the unemployment aid. On Monday, Mnuchin finally said states would execute the federal unemployment aid next week or within two weeks.
Meanwhile, White House Press Secretary Kayleigh McEnany told reporters, before Mnuchin announcement, that the federal unemployment aid would be given to millions of Americans "quickly" and "close to immediately." However, she did not provide a specific time frame.
It can also be remembered that after Trump signed the executive order for the expansion of federal unemployment aid, he said this would be rapidly distributed.
According to the executive order, states will have to cover 25 percent or $100 of the benefit amount. According to Trump, the federal unemployment aid worth $44 billion will be coming from the Federal Emergency Management Agency.
Using the fund in the agency, the federal government will contribute $300, while the state will counterpart $100 for the Americans to receive $400. But after several governors disagreed with giving the $100 due to their states' economic fallout, the president noted that his administration could cover all the cost or the whole $400. He said state governors could make a request for this.
Along with the executive order on the expansion of the federal unemployment payment, Trump also signed three other executive orders regarding house eviction protection, freezing student loans, and delaying payroll taxes at the end of this year.
The president noted that he was also considering making his executive order on payroll taxes permanent once he is elected this November again.