COVID-19 Federal Updates: May 11, 2020
Updated: Jun 9, 2020
The April jobs report released Friday by the Bureau of Labor Statistics showed the U.S. lost 20.5 million jobs in April.
The unemployment rate increased to 14.7 percent from 4.4 percent in March.
The one-month rise in the unemployment rate between March and April is the largest ever recorded by the Bureau of Labor Statistics.
Last week, the U.S. Treasury and IRS released the latest state-by-state Economic Impact Payment figures and almost 5 million payments had been made to Ohioans, totaling more than $8 billion.
White House economic adviser Larry Kudlow signaled Friday that formal negotiations on the next coronavirus stimulus package would be paused, possibly until early June.
House Speaker Nancy Pelosi delayed the unveiling of Congressional Democrats CARES 2.0 package until this week; House Democrats are hoping to release a bill that would follow three pillars: funding for those on the front lines, testing and relief to Americans in some form, including direct payments. The proposal could include at least $800 billion in funding for state and local governments.
Senate Leader Mitch McConnell has called for a pause on emergency assistance until the trillions already allocated is delivered and Senate Republicans are said to insist on including language to protect businesses from virus-related lawsuits and liability.
According to the Associated Press, Vice President Mike Pence was self-isolating Sunday after an aide tested positive for the coronavirus last week, but he planned to return to the White House on Monday.
An administration official said Pence was voluntarily keeping his distance from other people in line with guidance from the Centers for Disease Control and Prevention.
He has tested negative for COVID-19 since his exposure.
With steps underway to speed Economic Impact Payments, the Treasury Department and the Internal Revenue Service urged people to use Get My Payment by noon May 13, for a chance at quicker delivery.
Stay informed with Economic Impact Payment FAQs and social media platforms - taxpayers should check the Frequently Asked Questions (FAQs) for more information.