Unemployment benefits at stake in fiscal cliff deal
Jobless benefits for 2.1 million Americans are set to expire on Dec. 29 unless Washington can figure out a solution.
Hanging on the fiscal cliff negotiations are extended jobless benefits for 2.1 million Americans, USA Today reports. Those benefits will expire on Dec. 29 unless Washington finds a way to renew them.
Congressional Democrats are demanding that those benefits for the long-term unemployed be renewed. "We have 2 million families that are in a very difficult situation if we do not extend unemployment insurance benefits," Sen. Jack Reed (D-R.I.) said in a press conference, according to The Huffington Post. "This is the real cliff." Republicans haven't said much about the issue, the Post reports.
In states with the highest unemployment rates, jobless folks can get a maximum 73 weeks of combined federal benefits. That's down from the previous limit of 99 weeks.
Many states provide another 26 weeks of unemployed benefits, paying about half of their lost wages. But those benefits will run out for about 930,000 people in early 2013, USA Today reports, citing figures from the National Employment Law Project.
"Congress needs to see its way to reauthorize this program so it doesn't lapse," Judy Conti, NELP's federal advocacy coordinator, told the newspaper. "It's the middle of winter, it's the only income some people have, it keeps their homes heated, roofs over their head, and it also allows them to feed their children."
More from Money Now
Sounds suspiciously like the exact same justification for welfare. And you could make a pretty argument that UE benefits, especially long term UE benefits, are just another form of welfare. Hey, maybe we can end welfare altogether and just put everyone who doesn't work on unemployment for the rest of their lives - that will make us all feel better. Then, when we get sick of having too many people officially unemployed, we can move them off the UE rolls and give them all disability.
I feel sorry for any one with children , BUT there are lots of jobs if you really want to work. Just because you don't want to move or you just don't to work TOUGH.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
More Market News
As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'