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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 This material may not be published, broadcast, rewritten or redistributed.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 81 416 6,521
MORTGAGES 93 452 7,754
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 218 1,005 14,314
BANKRUPTCIES 62 297 4,871
BUSINESS LICENSES 30 154 2,494
UTILITY CONNECTIONS 39 261 5,157
MARRIAGE LICENSES 23 105 1,565

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