Americans can see $400-a-week boost in next two weeks: Tyler Goodspeed
Council of Economic Advisers Acting Chairman Tyler Goodspeed on providing support to Americans amid the coronavirus pandemic and Russia’s claims over developing a coronavirus vaccine.
South Dakota Gov. Kristi Noem rejected the federal government's offer of an additional $300 in weekly unemployment benefits and touted her state's economic recovery amid the coronavirus pandemic.
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“My administration is very grateful for the additional flexibility that this effort would have provided, but South Dakota is in the fortunate position of not needing to accept it," Noem said in a statement on Friday. "South Dakota's economy, having never been shut down, has recovered nearly 80% of our job losses. South Dakota is the only state in the nation that didn't have extended benefits kick in because our insured unemployment rate has been the lowest in the nation."
TRUMP'S $400 UNEMPLOYMENT EXTENSION SPARKS PUSHBACK FROM CUOMO, NEWSOM
Some Republicans decried the now-expired $600-per-week federally enhanced unemployment benefits as an incentive for Americans to stay home even as businesses reopened and looked for workers.
President Trump's executive order, announced earlier in August, required states to pay for 25% of $400 weekly unemployment benefits, while the federal government would pay for 75%. On Tuesday, White House economic adviser Larry Kudlow indicated the administration would consider any $100 in unemployment insurance a state contribution that activated the $300 from the federal government.