Federal unemployment insurance benefits collapse

Unemployment Insurance

Legislative inaction could leave people without benefits Some 1.3 million people will lose their insurance benefits at the end of the month due to legislative inaction from the U.S. Congress. Federal lawmakers have declined to renew emergency funding that had been implemented for the federal unemployment insurance program. The benefits provided by this program have provided consumers throughout the country with some degree of financial stability as they look for employment. Unemployment insurance was augmented by emergency funds due to ongoing economic issues throughout the U.S. that made it nearly…

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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…

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