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Democrats lack backup plan with expanded child tax credit set to lapse

The expanded child tax credit, a signature accomplishment of President Biden’s first year in office, is set to lapse in a few days, and Democratic lawmakers acknowledge they don’t have a viable backup plan to extend the popular measure. ....

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Yellen deputy Adeyemo on track for quick confirmation

Yellen deputy Adeyemo on track for quick confirmation
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Labor: Unemployment won't lapse despite Trump signing delay

By Niv Elis - 12/29/20 09:54 AM EST

Unemployment benefits included in a new COVID-19 relief package will not lapse this week, as anticipated, despite President Trump
As states are implementing these new provisions as quickly as possible, the Department does not anticipate that eligible claimants will miss a week of benefits due to the timing of the law’s enactment, a department spokesman told The Hill.
Two key emergency unemployment programs, Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC), expired on Saturday, a day before Trump signed a $900 billion COVID-19 relief bill into law.
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Trump delayed signing the bill, which passed in Congress on Dec. 21, complaining that $600 stimulus checks were not large enough. ....

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