» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 244 | Thursday, December 15, 2011

Congress Weighing Length of Jobless Benefits

TOM RAUM | Associated Press

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – Congress is looking at the downside of letting jobless people collect up to almost two years of unemployment benefits. While the benefits are a crucial lifeline for the long-term unemployed, economists worry they also can be a disincentive to looking for work and actually prolong joblessness.

Republicans have passed a bill in the House that would reduce maximum coverage time by 20 weeks. The current ceiling on federal and state benefits combined is 99 weeks, and Democrats want to keep it. The GOP plan coupled with recently declining unemployment rates would cut that ceiling to 59 weeks by summer.

If Congress does nothing by the end of the year, up to a million workers unemployed for at least six months could loses benefits in January.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 146 146 9,350
MORTGAGES 175 175 12,540
FORECLOSURE NOTICES 0 19 2,545
BUILDING PERMITS 0 73 20,874
BANKRUPTCIES 59 64 8,028
BUSINESS LICENSES 36 36 3,351
UTILITY CONNECTIONS 0 0 11,718
MARRIAGE LICENSES 0 0 2,815

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.