MadameNoire Featured Video

(Wall Street Journal) — Congress is unlikely to agree to extend jobless benefits for two million unemployed workers by the time the program begins to lapse in two weeks, as lawmakers struggle with a packed lame-duck session and voter antipathy toward government spending. But cutting off benefits could drag on a fragile economic recovery by reducing consumer spending, economists say, and Democrats are looking for a compromise that could put the program back on track before Christmas.   The program, which provides aid for up to 99 weeks after workers are laid off, has been extended seven times during the economic downturn. Last summer when Congress extended it, the battle was so pitched that benefits lapsed for over a month.

Read More…

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN