if you're wondering if unemployment benefits are extended
you came to the right place because president trump signed four executive
orders on saturday august 8th and one of them
included extending the unemployment benefits so
that is what today's video is about i know a lot of people are concerned
because the extra 600 unemployment benefit
expired on july 25th i am tiffany thomas with wealthytiffany.com, hit that like
button and the subscribe button and we're gonna
dive right in in today's video i'm covering how much
the extended unemployment benefit is and when it will start when it will
end who is eligible and is it a for sure
thing so how much is the extended unemployment
benefit this is from the memorandum from the
white house which i will leave a link to below in the description
so you can check it out for yourself but it states that
they will provide a 400 payment per week which shall reflect a 300
federal contribution to eligible claimants from the week of unemployment
ending august 1st 2020. so this extension picks
right up after the other one had expired just
the week before so since the federal government is only
providing 300 of that 400 where is the other hundred
dollars coming from under trump's executive order the
federal government covers only 75 that 300
per week and then states would be required to cover the
remaining 25 percent from the allocation of the coronavirus relief
fund and the 300 from the federal government
will come from the department of the homeland securities
disaster relief fund abbreviated drf and trump's executive action extends the
benefits until the drf is drawn down to
25 billion or until december 6 2020 and it actually sounds like it will
not be going through december because according
to the committee for responsible federal
budgeting they state that we estimate that the
program would have sufficient funding for
five weeks of benefits which would be through august 29th so that is nowhere
near december unfortunately but because of where the money is coming from
that's what they estimate the time frame will be for this extended 400
unemployment benefit so when will we actually see money start coming to
us honestly it could take up two months because of everything that has to be set
up through the government and each state
has to set up this new program for the 400
so it doesn't sound like it will be anytime soon hopefully
it would be sooner but we can't guarantee that because of how much work
goes into setting up a program like this and who
is eligible for this extra 400 unemployment benefit
going back to the memorandum it states the
term eligible claimants means claimants who
receive for the week lost wages assistance is sought at least a hundred
dollars per week of any of these following benefits and he
lists out the benefits in the memorandum but essentially if you were already
receiving at least a hundred dollars in unemployment benefits then you would
be eligible for this extended unemployment benefit of 400 and is this
a for sure thing will people really be getting the 400
extension for the unemployment benefit and honestly
it's hard to say because congress can raise a bill which is eventually made
into law to try to block the orders by president trump
so they could try to create a bill that would block this executive order by
president trump but the president can also veto the bill
which would mean congress would have to vote to overturn it this means there
could be a potential delay and benefits being paid
and even if it's not overturned states could possibly opt out
of this unemployment benefit the executive order requires states to
pitch in that hundred dollars per person per week
for the lost wages however there's uncertainty if
governors will sign on to the program because
many are facing tremendous budget pressures due to the expenses associated
with containing coronavirus coupled with a
reduction in tax revenues so it sounds like it could
be hard for the states to actually come up with this hundred
dollars tell me in the comments below what you think is going to happen will
we actually get this 400 extended unemployment benefit for five
weeks or not at all or until december what do you
guys think we will have to see how things actually
play out but for right now president trump has issued the executive
order to extend the unemployment benefits
at 400 per person per week and those benefits would retroactively
be paid beginning the week after the 600
benefit had ended which was on july 25th and as long as you were receiving at
least 100 in unemployment benefits before
then you should be eligible for this 400 unemployment benefit and as it stands
right now it looks like there's only enough money to
cover five weeks of this 400 benefits and i wanted to share this
information with you guys because i know there is a lot of concern
because the unemployment benefit had just expired
so if you found this video helpful please hit that like button and share it
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thanks so much for watching i'll see you in the next video