» 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 This material may not be published, broadcast, rewritten or redistributed.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 News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 352 4,385
MORTGAGES 74 402 5,260
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 224 656 9,589
BANKRUPTCIES 49 241 3,423
BUSINESS LICENSES 26 137 1,709
UTILITY CONNECTIONS 35 234 3,747
MARRIAGE LICENSES 17 78 1,003

Weekly Edition

Issues | About

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