by Wolf Richter
Wolf Street
Most states are also rolling it out. On top of other stimulus programs and housing payment deferrals via eviction bans & mortgage forbearance.
The stimulus party keeps rolling on. On September 7, Labor Day, the California Employment Development Department, which handles the state and federal unemployment claims for Californians, began sending out payments of $900 each to 3.1 million eligible unemployment insurance claimants. This lump-sum payment consists of three weekly $300-payments under the federal Lost Wages Assistance program, authorized by President Trump’s Executive Order, and drawing on FEMA’s Disaster Relief Fund.