INSIDER
Still waiting for your $600 stimulus payment? Hereโs how to track it
Read full article: Still waiting for your $600 stimulus payment? Hereโs how to track itDETROIT โ Many people are wondering where their stimulus payment is. There is a way for you to check the status of your stimulus payment online. READ: IRS relaunches โGet My Paymentโ tool to track $600 stimulus checksCheck the status of your stimulus paymentThe IRS relaunched its โGet My Paymentโ tool. According to the IRS, some people received their first stimulus payment in partial payments. Click here to check the status of your stimulus checkREAD: Michigan members of Congress weigh in on COVID stimulus status
Stress rises for unemployed as extra $600 benefit nears end
Read full article: Stress rises for unemployed as extra $600 benefit nears endIn March, Congress approved an extra $600 in weekly unemployment benefits as part of its $2 trillion relief package aimed at offsetting the impact of the coronavirus pandemic. In May, unemployment benefits made up 6% of all U.S. income, ahead of even Social Security, and up dramatically from February, when it amounted to just 0.1% of national income. Congress enacted the extra payment for just four months, largely on the assumption that the viral outbreak would subside by late July and the economy would be well on the way to recovery. The extra $600 was initially agreed upon because, for an average worker, it made their jobless benefits equal to their previous pay. The Congressional Budget Office estimates that 42% of the people getting the extra $600 are nonwhite.