US President Donald Trump speaks during a news conference in Bedminster, New Jersey, on August 7, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)JIM WATSON/AFP via Getty Images

President Donald Trump signed an executive action on Saturday to enact a $400 weekly boost to state unemployment benefits, a cut from the $600 level it once was during the coronavirus pandemic.
But a closer look at the text of the order reveals the administration is actually setting up a “lost wages” program.
“This is outside the UI system entirely,” said Michele Evermore, a national unemployment expert, adding it could take months for overwhelmed states to design.
Governors are being ordered to work with the Federal Emergency Management Agency (FEMA) in order to set up the benefit system, and distribute benefits alongside existing state systems.
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President Donald Trump signed an array of executive actions on Saturday to bypass Congress and implement economic relief measures on his own.

Among them was a $400 weekly supplement to federal unemployment insurance through December 6. Trump claimed the relief would reach Americans in a “very rapid” manner, but neglected to say how.See the rest of the story at Business Insider

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When it comes to managing money, especially during a global health and financial crisis, prioritization is key.
Whether you’re earning a reduced salary, collecting unemployment, or just trying to make smart decisions for the future, answering a few questions can help you make the most of every dollar.
If you’re in a secure financial position and looking to the future, SmartAsset’s free tool can find a financial planner to help »

As if managing money wasn’t hard enough, chances are you have some new obstacles to contend with during the coronavirus outbreak.

Financial unrest is an unfortunate reality right now, but that doesn’t mean you should throw caution to the wind. You still have a chance to be thoughtful about the money you have coming in, whether you’re earning a reduced salary, collecting unemployment benefits, or simply preparing for an uncertain future. See the rest of the story at Business Insider

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