Home > Off Blog > 2 Million will lose unemployment compensation benefit by year end

2 Million will lose unemployment compensation benefit by year end

November 18, 2010 Leave a comment Go to comments

From MarketWatch:

Jobless-benefits bill fails in House

By Ruth Mantell

WASHINGTON (MarketWatch) — A bill to extend federally-funded benefits for long-term jobless workers failed to pass in the House of Representatives Thursday. To pass the House, the bill needed to capture two-thirds of the votes — 258 lawmakers voted in favor of the extension, while 154 voting against it. The bill would have extended special federal unemployment insurance benefits through February, calling for $12.5 billion in emergency spending. Without an extension, long-term jobless workers will start losing benefits in coming weeks, with about two million cut off by the end of the year.

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