For 2M Jobless, Benefits Set to Dry Up
Congress isn't looking likely to pass an extension
By Matt Cantor, Newser User
Posted Nov 18, 2013 2:00 AM CST
This Wednesday, Aug. 14, 2013 photo shows a job fair in Miami Lakes, Fla.   (AP Photo/Alan Diaz, File)

(Newser) – Some 1.3 million Americans could lose their unemployment benefits at the end of the year, with another 850,000 seeing benefits expire in March 2014 if Congress doesn't extend an emergency plan that ends Dec. 31. And though congressional Democrats and the White House are urging an extension, it's not looking likely, the New York Times reports. With Congress adjourning in two weeks, it remains unable to agree on a budget, and negotiators are focused on sequestration cuts. A deal to adjust or replace those cuts wouldn't be likely to include a jobless benefit extension, the Times notes.

Renewal of the program through 2014 would add some $25 billion to the $250 billion it has cost so far. But without an extension, a total of 4.8 million could lose benefits by the end of next year, says top White House economic adviser Gene Sperling: "Historically, there has not been a time where the unemployment rate has been this high where you have not extended it." Currently, some 4.1 million Americans have been unemployed for at least six months, reports the Washington Post, which has details of the program. John Boehner's stance on the White House's call for renewal: "If and when they offer details, we'll take a look," an aide tells Reuters.

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Showing 3 of 54 comments
NorCalHal
Nov 19, 2013 7:39 PM CST
I am sorry for all the good Americans that are out of work, under-employed and barely making it and those that have completely given up looking for work - all the "Hope & Change" smoke and mirrors haven't done much for creating REAL long term JOBS! But then I fear we are just beginning. I met with a financial advisor today and he handed me a sheet showing O-bumber's new tax schedule...showing the 2013 increases over 2012. Ordinary Income Tax going from 35% to 39.6% UP 13% Medical Payroll from 1.45% to 2.35% UP 62% Federal Earned Income from 36.45% to 41.95%UP 15% Long Term Cap Gains from 15% to 20% UP 33% Medicare Tax (new in 2013) 0% to 3.8% 10000000% Qualified Dividends from 15% to 20% UP 33% So all you suckers that believed O-bomb-a promise of no new taxes on anyone making less than $ 250,000 guess what ???? LoL "Hope 4 Change" in 2016
farleyj1
Nov 19, 2013 9:04 AM CST
Here comes another lets hold america hostage situation to get what we want and the heck with the poor and middle class I hate congress and the senate period.
Smitty6398
Nov 19, 2013 8:21 AM CST
What people don't realize, that regular unemployment stipend is funneled right back into the economy. It helps pay for the normal living expenses of those less fortunate. Plus, in many cases is taxable. Congress needs to read up on what their unemployment benefits are; me thinks they are going to need to know; next year! ALL Representatives and about 1/3 of the Senators are up for re-election.