With federally enhanced unemployment insurance due to phase out at the end of July and a pandemic that's showing no signs of abating, the status of unemployment benefits in America has quickly become a front-burner issue.

Congress is meeting this week and next to hammer out a new relief measure that may carry an extension of the CARES Act provision, which offers those collecting unemployment insurance benefits an additional $600 per week, on top of funds already provided by the state. That provision is due to expire at the end of July.

The stakes are high. For the 32 million Americans now collecting unemployment benefits, a loss of the subsidy could mean not being able to pay their rent, mortgage, car payments or even purchase groceries. For business owners, the consequences of losing the subsidy are murkier.

Please select this link to read the complete article from Inc.