New coronavirus relief bill at a standstill

Republicans want to cut aid to $200 per week while Democrats want to extend the $600 per week relief until the New Year.
1:34 | 08/01/20

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Transcript for New coronavirus relief bill at a standstill
expected to meet with the treasury secretary and the white house chief of staff this morning as negotiations over stimulus relief are at a standstill. ABC's Deirdre Bolton joins us now with the latest as millions of Americans lose that key benefit that's been helping them stay afloat. Good morning to you, Deirdre. Reporter: Good morning, Eva. That life line that the federal government extended to Americans that was part of keeping them and the economy afloat is gone. So in the past few months 30 million unemployed Americans had support in this form. $600 per week supplementary payments so people were using the money to buy food, buy medicine, pay for child care, pay for housing. The benefit covered a wide swath of the population. In fact, it covered people who normally would not qualify for unemployment. Gig workers, freelancers, the self-employed. It provided a safety net for many. Congress is working on a new coronavirus relief bill, but it's at a standstill. One of the points of contention on capitol hill is this argument that the benefits are so high people are making more by being at home than by working and, therefore, have a disincentive to work so this is the debate on capitol hill. Republicans want to cut that aid to $200 a week. Democrats want to extend I, the $600 per week until the new year. The clock is ticking. The senate adjourned for the weekend without passing an extension or replacement. Congress as we know getting ready for an August recess. Dan. All right. Deirdre, thank you very much. Appreciate it.

This transcript has been automatically generated and may not be 100% accurate.

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