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There's a race to pass the stimulus by March 14. Here's what's at stake

March 1, 2021. Summarized by summa-bot.

Compression ratio: 21.4%. 1 min read.

WASHINGTON, DC - FEB 10: The U.S. Capitol building is seen at sunrise on February 10, 2021 in Washington, DC. House managers and the defense will make opening arguments today as the Senate impeachment trial of former President Donald J. Trump continues. (Photo by Sarah Silbiger/Getty Images)

Millions of Americans will start running out of pandemic unemployment benefits in just two weeks, putting increased pressure on the Senate to quickly pass its version of President Joe Biden's $1.9 trillion coronavirus relief package.

The jobless payments are among the first federal lifelines from December's $900 billion stimulus package set to expire, with additional provisions for expanded paid sick and family leave, small businesses, food stamps, housing protections and other relief lapsing in the following weeks and months.

Some 4 million people in the Pandemic Unemployment Assistance and the Pandemic Emergency Unemployment Compensation programs will see their benefits expire in mid-March, while the payments of another 7. 3 million folks will lapse over the following four weeks, according to a recent report from The Century Foundation.

The two temporary federal programs were created in Congress' $2 trillion relief package last March and were extended by 11 weeks in the $900 billion relief deal passed in December.

The House bill calls for extending these pandemic unemployment programs -- as well as providing a $400 federal weekly enhancement to payments -- through August 29.

Even if the bill passes, it won't extend two other benefits set to expire on March 31: A key relief program for small businesses and the federal eviction moratorium.

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