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FT.com - Financial MarketsJul 09, 2020
Global stocks edge higher as investors assess economic recovery
Shares in China continue to outperform and the renminbi strengthens past key marker

MarketWatch MarketPulseJul 09, 2020
Mnuchin says unemployed workers should not get benefits higher than their old wages in next stimulus plan
Treasury Secretary Steven Mnuchin said Thursday the administration wants to cap enhanced unemployment benefits in the next coronavirus package to make sure workers do not get benefits that were higher than their old wage. Under the initial benefit package in March, some workers received as much as $600 per week in addition to their regular benefits, which critics say encouraged the jobless to not look for work. "You can assume it will be no more than 100%, so yes, we want to incent people to go back to work," Mnuchhin said in an interview on CNBC. Mnuchin said he and Mark Meadows, the White House chief of staff, talked with Senate Majority Leader Mitch McConnell Wednesday and their goal was to pass the next coronavirus aid bill between July 20th and the end of the month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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