Obama Signs Unemployment Extension

Posted by BlackJack On Thursday, July 22, 2010 0 comments
Obama Signs Unemployment Extension


Obama Signs Unemployment Extension. President Obama signed Legislation Yesterday on Thursday extending jobless benefits for 2.5 Million the Unemployed Americans, with a long partisan battle. The House passed the measure Yesterday, the day after the Senate.

Obama Signs Unemployment Extension. The law extends unemployment insurance through November for out-of-work Americans who have not yet exhausted up to 99 weeks of aid. Benefits would be retroactive to late May, when the previous extension expired. Jobless benefits vary from state to state but typically expire after 26 weeks.

A Republican filibuster held up the bill until two Maine senators crossed party lines to end the debate. Most Republicans contended that the $33.9-billion measure should be paid for with spending cuts rather than tacked onto the national debt. Democrats said the 9.5% national jobless rate was an emergency and thus exempt from budget-offset

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