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I have not seen a plan from the White House that meets those standards," he said. The White House, along with Democratic leaders, had hoped to extend the benefits before they expired this year. But those plans seemed to diminish on Tuesday, when Sen. Because the House plans to leave on Friday, the vote on the budget package is expected very soon.
Unemployment benefits expiring: Should special help continue beyond 26 weeks?
Reid said the deal should have included an extension of jobless benefits, but "neither side got everything it wanted in these negotiations. The White House had wanted the benefits included in the budget, saying that besides the 1. Democrats, along with a few Republicans, want to have a chance to renew the jobless benefits.
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Chris Van Hollen, D-Md. But in most states, jobless benefits would last 40 to 63 weeks with the EUC in place, compared with 26 weeks without it. Letting the benefits expire means hard choices for workers. North Carolina has offered what may be a cautionary case study, by opting out of EUC early this year.
Unemployment there has fallen faster than nationally — from 9. Economic growth could be slower without the extended benefits.
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In a recent report, White House economists estimated that by removing income from the economy, failing to extend the benefits would cost , jobs in Already a Monitor Daily subscriber? This website uses cookies to improve functionality and performance. By continuing to browse the site you are agreeing to our use of cookies. Subscribe to the Monitor. Monitor Daily Current Issue.
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But if a big part of the decline reflects people dropping out of the labor force, that could be seen as a sign of weakness, not strength. Not only will the expiration of emergency benefits affect the unemployment rate, it could also hit consumer spending and ultimately economic growth in the first quarter of All quotes delayed a minimum of 15 minutes.
Extended Unemployment Benefits On Track To Expire Dec. 28 : The Two-Way : NPR
See here for a complete list of exchanges and delays. Answers On Innovation Thomson Reuters. Job seekers apply for the available positions at a new Target retail store in San Francisco, California August 9, The Thomson Reuters Trust Principles.