Unemployment insurance proposal achieves bipartisan Senate support

Unemployment Insurance extension

A new deal has been reached in order to lengthen the long term coverage by another five months. A bipartisan senator group has now come to a deal that will allow the federal long term unemployment insurance program to be extended for an additional five months. This agreement has arrived after several months of focused negotiations and will be applied retroactively. The unemployment insurance will be distributed retroactively to those whose benefits expired at the close of last year. The price tag that comes with extending these benefits will be…

Read More

Unemployment insurance extension vote to occur this week

Unemployment Insurance extension

As early as today, Senate Democrats will be moving to vote to extend the benefits for another three months. This week, as early as today, Democrats in the Senate will be making a push to hold a vote on a three month unemployment insurance extension to add another three months of benefits for the 1.3 million Americans whose benefits ran out just after the holidays. As of yet, nothing has been decided, but the Democrat Senator behind the effort said they will make a hard push. According to Rhode Island’s…

Read More

Unemployment insurance extension sought by Obama from Congress

Unemployment Insurance extension

The president also said that he likes the deal in the proposed congressional budget. United States President Barack Obama has said that while he does like the congressional budget deal that has been proposed, he is also hoping that Congress will allow an extension to unemployment insurance, which is rapidly closing in on its expiry date. The president made a number of statements of this sort when he met with a group of newly elected mayors. He spoke with the mayors from cities across the country on the subject of…

Read More

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…

Read More