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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

Senate Democrats block vote on McConnell's targeted COVID relief bill

Photo: Stefani Reynolds/Getty Images

Senate Democrats on Wednesday blocked a vote on Republicans' $500 billion targeted COVID-19 relief bill, a far less comprehensive package than the $1.8 trillion+ deal currently being negotiated between the Trump administration and House Democrats.

Why it matters: There's little appetite in the Senate for a stimulus bill with a price tag as large as what President Trump and House Speaker Nancy Pelosi have been calling for. Senate Majority Leader Mitch McConnell's (R-Ky.) "skinny" proposal was mostly seen as a political maneuver, as it had little chance of making it out of the Senate.

Judge nixes Gulf of Mexico oil leases in climate-focused ruling

Tug boats prepare to tow the semi-submersible drilling platform Noble Danny Adkins through the Port Aransas Channel into the Gulf of Mexico on December 12, 2020 in Port Aransas, Texas. Photo: Tom Pennington/Getty Images

A federal judge on Thursday canceled the Biden administration's late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico.

Why it matters: The ruling that the greenhouse gas emissions analysis by the Interior's Bureau of Ocean Energy Management (BOEM) was insufficient is a win for green groups that challenged the decision, as they seek to curb fossil fuel production.

45 million Americans under winter storm watches near New England

Computer model projection showing the winds moving around the powerful East Coast storm on Saturday Jan. 29, 2022. Credit: https://earth.nullschool.net

Nearly 45 million Americans are under winter weather alerts and warnings from North Carolina to northeastern Maine Thursday night, as a major winter storm threatens the region.

Why it matters: It is predicted to be the biggest blizzard since 2018 to strike the Northeast with more than 2 feet of snow possible in parts of eastern Massachusetts, according to the National Weather Service.