Senate Majority Leader Mitch McConnell. Photo: Ting Shen/Xinhua via Getty) (Xinhua/ via Getty Images

Senate Republicans' coronavirus relief proposal will include a provision to cut federal weekly unemployment benefits from $600 to $200, the Washington Post reports, citing two people familiar with the plan.

How it works: The reduction would be a temporary measure in place until states implement a more targeted system that pays individuals 70% of their lost weekly wages, which they would be given two months to do. The federal benefits are supplemental to existing unemployment insurance, which varies by state.

The big picture: The measure is part of a $1 trillion stimulus proposal Republicans are expected to unveil Monday. The $600 weekly supplemental benefits included in the CARES Act passed in March are set to expire on July 31.

  • Republicans have said they are opposed to extending the $600 benefits because they believe it disincentives some Americans from returning to work, where their wages may be lower than what they receive on unemployment.
  • But House Speaker Nancy Pelosi has said Democrats will not accept a short-term extension of the aid and that she supports maintaining the $600-per-week benefits in the next stimulus.

The bottom line: More than 31 million Americans are collecting unemployment benefits of some form, and roughly 2.3 million filed new applications to receive them in the most recent week of data released by the Labor Department.

Go deeper: More details on the Senate Republicans' expected proposal

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Oct 20, 2020 - Politics & Policy

McConnell urges White House not to strike stimulus deal before election

Senate Majority Leader Mitch McConnell. Photo: Stefani Reynolds/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election.

Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch on Tuesday, two people familiar with his remarks tell Axios. McConnell's remarks were first reported by the Washington Post.

Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Senate Democrats block vote on McConnell's targeted COVID relief bill McConnell urges White House not to strike stimulus deal before election.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most COVID cases since MayStudies show drop in coronavirus death rate — The next wave is gaining steam.
  4. Education: Schools haven't become hotspots — San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases.

U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.