Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
National
Yueqi Yang and Tony Czuczka

Kudlow says extra jobless payments will end as planned in July

The $600-a-week bonus payments made to some Americans laid off during the coronavirus pandemic will end as planned in July, said White House economic director Larry Kudlow.

Congress in March approved the extra money on top of state unemployment payments as part of its coronavirus relief efforts.

In some cases, the top-up payments plus regular unemployment checks add up to more than workers had earned at their jobs, creating a "disincentive" to return to work, Kudlow said on CNN's "State of the Union."

"We are on our way, we are reopening, and businesses are coming back, and therefore jobs are coming back, and we don't want to interfere with that process," he said. "At the margins, incentives do matter."

President Donald Trump is looking at a measure that would be a bonus to return to work, Kudlow said, without offering specifics.

Kudlow defended a Trump administration decision to not disclose details about companies that received billions of dollars in taxpayer funds through a high-profile federal coronavirus-relief initiative.

Treasury Secretary Steven Mnuchin announced the move, which reversed earlier guidance. "I don't think it's necessary" to make the details public, Kudlow said.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.