We’re almost to the end of February and some people are concerned about an upcoming unemployment deadline.
KING 5 viewer George wrote, “Am I correct to assume the extra bonus money will end on March 13th? Any word that has been extended?”
People receiving unemployment benefits are currently getting an extra $300 a week from the federal government because of the Federal Pandemic Unemployment Compensation (FPUC) program.
The FPUC program originally gave people 11 extra weeks of benefits, but that program ends the week of March 13. When the program expires, people will begin receiving their regular unemployment benefits, unless Congress makes a deal to extend the program.
If there is an extension of the program in another coronavirus stimulus package, people could get an additional $400 a week through August, according to the House proposal. However, it is currently unclear if a package would be passed before the FPUC program expires on March 13.
New data shows this kind of unemployment help has made a positive impact on housing. Renters in King County are less than three months behind on rent. Though that is historically bad, the depth of the challenge isn’t as extreme as many had thought.
Coronavirus: Your Money, Your Future
Do you have a question or concern about money during the coronavirus pandemic? Email us at money@king5.com.