1. The Senate unveiled a stimulus package that would cut a jobless benefit supplement to $200 from $600.

The Republicans’ $1 trillion proposal, introduced after a struggle to iron out policy differences with the administration and one another, contrasts with a $3 trillion House plan passed by Democrats that would extend the $600 weekly payments, which expire on Friday, through the end of the year. Above, helping the unemployed in Tulsa, Okla.

A critical segment of the Republican Party is unwilling to pour another $1 trillion into the economy, and many say the job aid is a disincentive to returning to work because it exceeds regular wages for some workers.

Source: New York Times

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