Here’s everything you need to know.
Several programs intended to aid Americans struggling financially due to the coronavirus pandemic will expire at the end of the year unless Congress reaches a deal on a new relief bill.
Many who have lost their jobs have been relying on Pandemic Emergency Unemployment Compensation, which provides an additional 13 weeks of unemployment insurance and on Pandemic Unemployment Assistance, which aids people who are self-employed or part-time workers. According to recent Labor Department statistics, there are about 13.5 million Americans currently benefiting from pandemic-related unemployment relief, and those payments are currently expected to stop on December 31, when the programs expire.
The nationwide eviction moratorium put in place by the Centers for Disease Control and Prevention expires at the end of the year, as does the student loan forbearance that President Trump implemented by executive order. Over 32 million Americans had student loans that were eligible for suspended loan payments, according to the Government Accountability Office.