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People in line outside a food pantry in Brooklyn, New York, in November 2020. Photo: Xinhua/Michael Nagle/Wang Ying via Getty Images

The Department of Labor said Tuesday that it does not expect people claiming certain federal unemployment benefits to experience a lapse in payments, despite President Trump's delay in signing the program extensions into law, Bloomberg reports.

Why it matters: It was previously expected that because Trump signed the legislation the day after benefits expired, the estimated 14 million people collecting Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation benefits would miss a week of payments.

  • But because the measure extends the programs without many new changes, it will be easier for states to implement the new legislation, a Labor Department spokesman said Tuesday, per Bloomberg.

Context: Trump blindsided lawmakers last week when he indicated that he would not sign the $900 billion coronavirus relief bill and $1.4 trillion government funding measure passed by Congress if it was not amended to increase stimulus payments.

Go deeper: Trump slams McConnell for blocking vote on $2,000 stimulus checks

Go deeper

Top Democrats introduce bill to raise minimum wage to $15 by 2025

Sen. Bernie Sanders (I-Vt.), Speaker of the House Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles Schumer (D-N.Y.) Photo: Chip Somodevilla/Getty Images

A group of top Democrats on Tuesday introduced legislation to gradually increase the federal minimum wage to $15 per hour over five years.

Why it matters: The policy, which has widespread support among Democratic lawmakers, aligns with what President Joe Biden has called for in his emergency COVID-19 relief package. It would more than double the current minimum wage of $7.25.

Biden to meet with U.S. financial regulators on Monday

Photo: Drew Angerer via Getty Images

President Biden will meet with financial regulators on Monday.

Driving the news: "The meeting will cover regulatory priorities including climate-related financial risk and agency actions to promote financial inclusion and to responsibly increase access to credit," said press secretary Jen Psaki, according to a press pool report.