Talk of a 6 month extension of unemployment benefits for 2010

I can not find any details about the proposed extension. I will provide updates as more information becomes available.
"Democratic leaders say they will try to raise the ceiling to nearly $14 trillion as part of a $626 billion bill next week to pay for the wars in Afghanistan and Iraq and other military programs in 2010. The bill doesn't include the additional $30 billion President Obama is expected to seek early next year to pay for his 30,000-troop buildup in Afghanistan but it might carry an added $50 billion to pay for a six-month extension of unemployment benefits and health insurance subsidies for the long-term jobless."

http://www.kansas.com/news2use/story/1094923.html

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

Everything is on track for passage this week

They debated the bill and the amendments today and will continue to do so tomorrow. This should pass by the end of the week.

Good new they could vote on the final bill as soon as tomorrow

"The vote was 87-13 to bring the bill to the floor. Sixty votes were needed to pass that procedural hurdle.

The legislation would provide 14 weeks in extra financial aid for everyone exhausting their benefits by the end of the year, and another six weeks for those living in 27 states where the unemployment rate is at least 8.5 percent."



http://news.yahoo.com/s/ap/20091027/ap_on_bi_ge/us_unemployment_benefits_2

The bill is on the senate schedule to be debated tomorrow a vote can be called at anytime, debate of the bill is limited to 30 hours max.


We are still on track from last weeks posts, we could see this on Obama's desk and signed into law by the end of the month.

Vote tonighte at 6 for unemployment extension

The Senate will hold 30 minutes of debate on the unemployment extension and Majority Leader Sen. Harry Reid will call for a vote at 6 p.m.