Skip to main content

Support Builds For Unemployment Benefit Extension

Support Builds For Unemployment Benefit Extension - Congressional Democrats and more than 100 jobless workers rallied yesterday in Washington in support of an extension of federal unemployment benefits.

Federal jobless benefits expired yesterday after a failed attempt in the Senate to extend benefits for a year. Rep. Scott Brown (R-Mass.) blocked the vote on the measure because it wasn't paid for.

U.S. Speaker of the House Nancy Pelosi was at yesterday's event and spoke about the Republicans' desire to extend tax cuts to high-earning Americans without offsetting the cost while insisting that an extension of jobless benefits be paid for.

"We have to pay for unemployment insurance, we don't have to pay for tax cuts for the rich," House Speaker Nancy Pelosi said. "Tax cuts do not create jobs. They haven't throughout the Bush administration. Unemployment insurance creates jobs and does not add to the deficit."
U.S. Labor Secretary Hilda Solis was also on hand to lobby for extended unemployment benefits.
"To those who are standing in the way of this extension, I say: the time to put politics aside is here. The welfare of millions is at stake," she said. "If Congress fails to act on an extension of the UI program 2 million Americans will lose their unemployment insurance by the end of the year. And millions more could join their ranks in the coming months. As a nation, we simply cannot let this come to pass. Politics should never punish those who need help most, and it should never get in the way of sound policy. Congress must pass this important extension. Americans — all of them — are depending on it."

The lapse in federal unemployment benefits will immediately impact 800,000 people. Another 2 million long-term unemployed will lose benefits by Jan. 1, according to the Labor Department. Another 6 million unemployed workers will lose benefits by spring if Congress does not act. "Millions of families are going to struggle to put food on the table or put gas in the gas tank," Solis said.

Support Builds For Unemployment Benefit Extension

Comments

Popular posts from this blog

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...

Homes Losing Value Fastest

Homes Losing Value Fastest - Homeowners with Citigroup loans in foreclosure-rich Virginia Beach, Va., and Orlando, Fla., are in luck. The mortgage giant announced today that it will impose a moratorium on most foreclosures and modify $20 billion in mortgages to enable homeowners who are not behind on their loans, but in danger of falling behind, to avoid foreclosure. Those that don't fall under the plan? They're in hot water. Well, underwater. Virginia Beach homeowners who bought homes this year possess a paltry 5.2% of home equity, and 34.5% owe more on their property than it's worth, according to Zillow.com, a real estate research group. That's the worst rate in the country. Even in Orlando and Miami, two cities hammered by bad loans and home-equity dips, only 30% and 29% of homeowners are underwater, respectively. It's a similar story in El Centro, Calif., Bakersfield, Calif., and Cumberland, Md. What's certain to follow? Foreclosures. "Negative...

'Ferris Bueller's Day Off' Home on the Market for $1.65M

'Ferris Bueller's Day Off' Home on the Market for $1.65M - "Ferris Bueller's Day Off" fans listen up! A home from the iconic '80's film is on the market for $1.65 million, reports the Huffington Post. Starring as the modern digs of character Cameron Frye in the movie, the glassy house is located in Highland Park, Illinois and has been on the market for a little over a year. More photos reveal the glass-wrapped home features floor-to-ceiling windows overlooking a spacious tree-filled lot, according to the listing on Realtor.com. 'Ferris Bueller's Day Off' Home on the Market for $1.65M With four bedrooms, three bathrooms and 5,300 square feet of living space, the home served as the setting for the oddball hijinks in the 1986 film. Architects A. James Speyer and David Haid designed the house, built in 1953, with a specialty glass-enclosed garage to store Ben Rose's collection of vintage cars, reported Luxist.com when the home or...