Rossen Reports: What's happening with extra unemployment benefits, stimulus checks

hi big developments when it comes to your money and we have new reporting on who's getting it and when from the federal government. Jean Chatzky is here. Ah, personal finance journalist and CEO of her money dot com Alsop done the host of the pizza Planner show and CEO of your money line and tame money. Thanks to both of you for being here, I want to start with new movement on those enhanced federal unemployment benefits. Jeanne to you. We're hearing more states have been approved for that $300 per week unemployment. Some families are going to start getting it soon. What's the latest? About half of all the states have actually applied for the right to distribute this benefit, which they have to do through FEMA. That's the agency that the president is using to distribute these guns. But there is a lag time between Wednesday supply and when the money starts to flow and it takes a little while to catch up and it's only $300 a week, people have been used to the to the 600 this slush fund this bucket of money much smaller than before, right the fear is that it's gonna run out pretty quick. Yeah, and the fear is exacerbated by hurricane season. So there's a 40 $4 billion bucket of funds that's estimated toe last about five weeks. Benefits are guaranteed to the states that apply for them for three weeks, and then they have to re apply. But if the money that is in place to take care of actual natural disasters like hurricanes falls below $25 billion this pool of funds gets cut off. So we are just waiting to see as hurricane start to roll. What happens, and especially what we saw this week with Hurricane Laura. Exactly. Exactly. Pete, where do we stand on a second stimulus check? A lot of talk about that. Several weeks ago, we were even here saying, Yeah, people are probably going to get it, but Congress still hasn't approved it. They can't get together on an agreement. They have the power of the purse. So a lot of people are wondering when these guys get together already and pass something. People need money Now. The strange part is they actually agree on this. Like this is one of the things that they're like, Yeah, let's do that. But because they can't agree on the other things and they don't want to parse the bill down into separate pieces, this is essentially being held hostage until they can work out. The other issues that were being held hostage were being held hostage, you know, that's exactly right. So that's a tough pill to swallow right now is that they agree. It's just it's currently being used as a bargaining chip. I want to talk about evictions. Huge, huge story could be the next major crisis. The President said he would halt evictions, but if you look at the actual order he signed of you read the text, it doesn't actually do that. So where do we stand on that eviction moratorium? Can people actually be kicked out of their homes? Gene, why don't you take it? Yeah, So we are at the point where people can once again be evicted, but without additional support, both four renters and for landlords. I think you're absolutely right. This is gonna be a huge, huge crisis. There are 40 million people with their homes on the line. Pete, Jean, thanks so much. We have a new Rawson reports special airing this weekend for you. Right here. You know, the story is changing by the minute. Hard to keep up, but no problem. We're right on top of it. Keeping you honest on your money and the latest on the virus itself. Check your local listings and I look forward to seeing you this weekend back to you.

They’re at a "tragic impasse." Those are the latest words from House Speaker Nancy Pelosi on the stalling of another coronavirus relief bill.While you sit and wait at home for another stimulus check and help to come your way, Democrats and Republicans continue to bicker around each other.But what’s happening with your federal unemployment benefits? Is your state joining the list of passing more money out?Our Chief National Consumer Correspondent Jeff Rossen has the answers with Jean Chatzsky, a personal finance journalist and CEO of Her Money.com, and Pete Dunn, the host of the "Pete the Planner Show," and CEO of Your Money Line and Hey, MoneyExtra unemployment benefitsJEFF: "We're hearing more states have been approved for the $300 per week unemployment. Some families are going to start getting it soon. What's the latest?"JEAN: "About half of the states have applied to distribute this benefit, which is what they have to do through FEMA. That’s the agency the president is using to distribute these funds. But there is a lag time between when states apply and when the money starts to flow and it takes a little while to catch up."JEFF: "And it’s only $300 a week; people have been used to the $600 and this slush fund, this bucket of money, is much smaller than before, right? The fear is that it’s going to run out pretty quick."JEAN: "Yeah and the fear is exasperated by hurricane season, so there’s a $44 billion dollar bucket of funds that’s estimated to last about 5 weeks. Benefits are guaranteed to the states that apply to them for 3 weeks and then they have to reapply, but if the money that is in place to take care of actual natural disasters like hurricanes falls below $25 billion, this pool of funds gets cut off. So we are waiting to see as hurricanes start to roll, what happens."Stimulus checksJEFF: "Where do we stand on a second stimulus check? There was a lot of talk about that several weeks ago. We were here saying, 'Yeah, people are probably going to get it.' But Congress hasn’t approved it; they can’t get together on an agreement. So a lot of people are wondering when these guys are going to get together already and pass something?"PETE: "The strange part is they actually agree on this. This is one of the things that they’re like, 'Yeah, let's do that.' But because they can’t agree on the other things and they don’t want to parcel the bill down into separate pieces, this is essentially being held hostage until they can work out the other issues. EvictionsJEFF: Evictions could be the next major crisis. The president said he would halt evictions, but if you look at the order he signed a few weeks ago, it doesn't actually do that. Where do we stand on the eviction moratorium? JEAN: "Yeah we are the point where people once again can be evicted but without additional support for renters and landlords, I think you’re absolutely right, this is going to be a huge crisis. There are 40 million people with their homes on the line."

They’re at a "tragic impasse." Those are the latest words from House Speaker Nancy Pelosi on the stalling of another coronavirus relief bill.

While you sit and wait at home for another stimulus check and help to come your way, Democrats and Republicans continue to bicker around each other.

But what’s happening with your federal unemployment benefits? Is your state joining the list of passing more money out?

Our Chief National Consumer Correspondent Jeff Rossen has the answers with Jean Chatzsky, a personal finance journalist and CEO of Her Money.com, and Pete Dunn, the host of the "Pete the Planner Show," and CEO of Your Money Line and Hey, Money

Extra unemployment benefits

JEFF: "We're hearing more states have been approved for the $300 per week unemployment. Some families are going to start getting it soon. What's the latest?"

JEAN: "About half of the states have applied to distribute this benefit, which is what they have to do through FEMA. That’s the agency the president is using to distribute these funds. But there is a lag time between when states apply and when the money starts to flow and it takes a little while to catch up."

JEFF: "And it’s only $300 a week; people have been used to the $600 and this slush fund, this bucket of money, is much smaller than before, right? The fear is that it’s going to run out pretty quick."

JEAN: "Yeah and the fear is exasperated by hurricane season, so there’s a $44 billion dollar bucket of funds that’s estimated to last about 5 weeks. Benefits are guaranteed to the states that apply to them for 3 weeks and then they have to reapply, but if the money that is in place to take care of actual natural disasters like hurricanes falls below $25 billion, this pool of funds gets cut off. So we are waiting to see as hurricanes start to roll, what happens."

Stimulus checks

JEFF: "Where do we stand on a second stimulus check? There was a lot of talk about that several weeks ago. We were here saying, 'Yeah, people are probably going to get it.' But Congress hasn’t approved it; they can’t get together on an agreement. So a lot of people are wondering when these guys are going to get together already and pass something?"

PETE: "The strange part is they actually agree on this. This is one of the things that they’re like, 'Yeah, let's do that.' But because they can’t agree on the other things and they don’t want to parcel the bill down into separate pieces, this is essentially being held hostage until they can work out the other issues.

Evictions

JEFF: Evictions could be the next major crisis. The president said he would halt evictions, but if you look at the order he signed a few weeks ago, it doesn't actually do that. Where do we stand on the eviction moratorium?

JEAN: "Yeah we are the point where people once again can be evicted but without additional support for renters and landlords, I think you’re absolutely right, this is going to be a huge crisis. There are 40 million people with their homes on the line."

����vlog