Unemployment and Recession Woes Intensify as Pandemic Wears On

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KQED

News, Politics, News Commentary

4.2 • 727 Ratings

🗓️ 31 July 2020

⏱️ 31 minutes

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Summary

The end of July spells the end of an additional $600 per week benefit for many unemployed Americans in the midst of a pandemic-induced recession. As Congress debates if and how to extend the supplemental cash, California lawmakers are drafting a plan to make up those funds if the federal money dries up. We discuss what’s in the works to help the close to 7 million unemployed Californians, where the recession is headed, and how lawmakers are responding. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.5	From KQED. Welcome back to Forum. I'm Michael Krasny. Today marks the end of an additional $600 per week benefit for many unemployed Americans in the midst of a pandemic-induced recession. Congress has failed to come to terms on a new relief package and clashed on the question of how to extend the supplemental cash. Meanwhile, California lawmakers have been drafting a plan to make up
1:28.5	those funds if the federal money dries up. We're going to discuss what's in the works to help
1:32.9	close to 7 million unemployed Californians where the recession is headed and how lawmakers are
1:38.8	responding. Joining us is Greg Ip, Chief Economics commentator for the Wall Street Journal.
1:43.1	Greg Up, welcome to the program.
1:47.5	We will connect with Greg Ip. In the meantime, we'll say good morning to our own Marisa Lagos,
1:52.1	politics correspondent, KQED, co-host of KQED's Political Breakdown Show. Welcome, Marisa.
1:56.8	Great to be here, Michael. Good to have you. And let's begin by talking about this relief bill, and it's affecting so many people.
2:04.6	Deadlines are coming up today.
2:06.6	And the fact of the matter is that at this point, we've got a gap of what, about $2 trillion
2:12.6	between what the Democrats are putting forward and what the Republicans are?
2:15.6	Yeah, just a couple trillion there. No big deal, right?
	...

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