House proposes another round of extended unemployment benefits by year end

This is in addition to 3548 which is law and currently (but slowly) being implemented by the states. There are few details available, I will keep you apprised of future developments.


"House plans jobs bill before year end: Hoyer"
Since the stimulus bill was passed, Democrats have taken a few other steps to boost the economy, such as broadening tax credits for home buyers and businesses. But they have been careful to avoid terming their efforts as a "second stimulus."

"I don't want it to be as broad as that. I want it targeted on jobs," Hoyer said.

Among the items under consideration:

* A transportation bill that could cost up to $500 billion

* A tax credit for businesses that create jobs

* Assistance to state governments, which otherwise would lay off teachers, police and other employees as they cope with plunging tax revenues and rising social spending

* Another extension of unemployment benefits, which otherwise could run out for millions of jobless workers

* Health insurance for the jobless.

http://www.reuters.com/article/politicsNews/idUSTRE5AG4OY20091117?pageNumber=2&virtualBrandChannel=11617

A done deal, It passed the house with a veto proof majority

The bill passed the house today with a veto proof majority, all that is needed is Obama's signature. Once signed expect a 3-5 week period before receiving a check, that is how it took in the past.

I am so happy to retire this blog, till the next time.


I will post any relevant news as it comes up.

Extension bill passes the senate

"To the great relief of many job seekers, the Senate Wednesday evening passed a bill providing for extended unemployment benefits. The bill passed 98-0, the AP is reporting. Because the Senate did not vote on the original House bill, but on an expanded version, the House will have to agree to the changes as well. However, House Majority Leader Steny Hoyer said earlier this week that the House would take up the legislation right away."

http://www.usnews.com/money/blogs/the-inside-job/2009/11/04/unemployment-extension-will-finally-get-a-vote