Unemployment insurance expires, leaving many without financial support

Federal insurance comes to an end Unemployment insurance has become a very complicated situation in the U.S. and one that is surrounded by controversy. The federal government’s unemployment insurance program has officially expired, leaving approximately 1.3 million people without benefits. Many of these people had relied on their benefits for financial stability as it was their only source of income. With a still turbulent economy, these people have been finding it difficult, if not impossible, to find new jobs. Federal lawmakers have been working to address the issues, feeling the…

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Unemployment insurance wins extension in fiscal cliff deal

Unemployment Insurance extension

Legislators agree to extend federal unemployment insurance The new year has arrived and the federal government seems to have avoided crossing the much dreaded “fiscal cliff.” It has taken federal lawmakers several months to resolve the prospective problems presented by the fiscal cliff, many of which are associated with the enactment of the Budget Control Act of 2011, a legislation designed to address several economic issues by introducing new taxes and other measures. One of the issues of contention that kept a resolution from gaining approval before the arrival of…

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