Thursday, January 2, 2014

1.3 Million People Lost Unemployment Benefits. It Could Get Ugly

                                                                       

When Congress reconvenes on Jan. 6, one of the first issues it will take up is whether to renew an emergency federal unemployment program that expired on Dec. 28, cutting off 1.3 million jobless workers. Enacted in 2008 at the start of the recession, it provided up to 47 weeks of benefits for those still looking for work when their state unemployment benefits ran out. Senate Majority Leader Harry Reid says he'll try to pass a temporary extension, but most Republicans have balked at the $25 billion-a-year cost. If the program isn't revived, the impact could be significant—not just for the 1.3 million people losing a vital lifeline but on the broader economy. http://www.infowars.com/1-3-million-people-lost-unemployment-benefits-it-could-get-ugly/ 

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