Key Points:
- President Trump signed an executive order to extend unemployment benefits through the end of the year.
- States are expected to cover $100, or 25%, of the cost of the unemployment benefits. However, some states are fighting back because they are unable to cover this cost.
- The Department of the Treasury Office of Inspector General released a report on the disbursement and use of Coronavirus Relief Fund payments on July 23.
- Overall, only 24.6% of the pre-existing $139 Billion allocated to states for Coronavirus Relief Fund payments has been spent.
- California, Colorado, and New York are the only states that have spent more than 50% of their pre-existing funds.
- 33 states have spent less than 20% of their pre-existing funds, and South Carolina, Alabama, and Minnesota have spent the least.