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VOL. 126 | NO. 244 | Thursday, December 15, 2011

Congress Weighing Length of Jobless Benefits

TOM RAUM | Associated Press

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 220 17,575
MORTGAGES 83 246 22,897
FORECLOSURE NOTICES 5 38 4,467
BUILDING PERMITS 206 514 41,739
BANKRUPTCIES 52 176 16,568
BUSINESS LICENSES 20 50 5,751
UTILITY CONNECTIONS 97 196 25,067
MARRIAGE LICENSES 12 66 5,351

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