Treasury Secretary Steven Mnuchin on Thursday expressed support for extending unemployment benefits to Americans who are still suffering from the economic consequences of the coronavirus. But he was adamant those benefits will likely be reduced from current levels to encourage people to go back to work.
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Why Enhanced Unemployment Benefits Might be Cut
In an interview on CNBC, Mnuchin said he favors extending enhanced unemployment benefits beyond their scheduled July 31 expiration, but he said any extension must protect both employers and employees.
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