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

Go deeper

McConnell announces Senate will adjourn until Sept. 8

Photo: Nicholas Kamm/AFP/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) announced Thursday that the Senate will not hold any more votes until Sept. 8, though members will remain on 24-hour notice in case a coronavirus stimulus deal is reached.

Why it matters: With millions of Americans unemployed, the Trump administration and Democrats remain hopelessly deadlocked and unlikely to reach a deal any time soon.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.