General World News

Democrats and Republicans want to fund infrastructure using federal unemployment benefits yanked from workers

GettyImages protest dc covid-19 stimulus relief

Summary List Placement

President Joe Biden has thrown his support behind a $1 trillion bipartisan infrastructure deal focused on roads and bridges — and part of the spending would be potentially offset by unused relief funds and targeting unemployment insurance fraud.

Repurposed federal UI will account for $25 billion of the deal’s pay-fors, a person familiar with details of the plan told Insider. The bulk of the funding from UI will come in the form of “unemployment insurance program integrity,” which will provide $80 billion in revenue.

“It’s the fraud. It’s the fraud from UI,” Sen. Jeanne Shaheen (D-N.H.) told details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com