Senate Approves Unemployment Extension
If you care about this issue, you’ve probably heard that the US Senate voted 60-40 to keep emergency unemployment benefits going. Long story short: Good for jobless peeps, bad for the deficit.
Millions of people stopped getting checks in June when the program expired in June. According to the Washington Post: 8.7 million people were receiving jobless benefits at the end of June. A little more than half received state benefits, which are typically available for 26 weeks. The rest were receiving extended benefits financed by the federal government, which are due to run out soon unless the bill before the Senate passes. The Labor Department estimates that 2.5 million people had been cut off by the end of last week.
The House is expected to okay the bill this week–possibly today–and forward it on to the prez for his signature.
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