10 things you need to know today: August 1, 2020

Lawmakers deadlocked on coronavirus relief, jobless aid for 30 million to lapse, Trump says he's banning TikTok, and more

Nancy Pelosi.
(Image credit: MANDEL NGAN/AFP via Getty Images)

1. Lawmakers deadlocked on coronavirus relief, jobless aid for 30 million to lapse

Members of Congress and the White House have yet to make an agreement for the next iteration of the CARES coronavirus relief bill, ending the week of negotiations with frustration on all sides. Friday marked the expiration date for the $600/week unemployment boost, meaning nearly 30 million U.S. workers will now have a lapse in their unemployment benefits. Democrats have argued the boost should continue at $600/week, while Republicans have proposed cutting the aid to $200/week. Republicans have also pushed a short-term fix for unemployment payments, while Democrats want to pass a large-scale $3 trillion bill that includes the payments. Each side has blamed the other for the failure to strike a deal. House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) were scheduled to continue negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows on Saturday.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.