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Obama Calls Tax-Cuts Deal the 'Right Thing to Do'; Many Democrats Disagree
By Patricia Murphy - Politics DailyWith the Dec. 31 deadline looming for the expiration of the Bush-era tax cuts, President Barack Obama has confirmed that White House and congressional negotiators have agreed to a deal that would temporarily extend the current tax rates for all households, while also extending unemployment benefits for Americans who have been out of work for more than 26 weeks. In remarks Monday night, Obama called the bipartisan agreement "the right thing to do" and detailed the framework of the deal, which would extend for two years the Bush tax cuts for all earners -- both those making above and below ...
Parties Nearing Deal on Tax Cuts, Jobless Benefits
By not in system - AOL News
WASHINGTON (Dec. 6) -- An outline of a bipartisan economic package is emerging that would temporarily extend the Bush-era tax rates for all taxpayers, while extending jobless benefits for millions of Americans. Differences remained over details, including White House demands for middle- and low-income tax credits. But Republicans and Democrats appeared to come together Sunday, raising the possibility of a deal in Congress by the end of the week. Some Democrats continued to object to extending current tax rates for high earners. But without action, lawmakers face the prospect of delivering a ...
Unemployment Benefits Expire Tuesday Unless Congress Acts
By Patricia Murphy - Politics DailyAs Democrats and Republicans struggle to agree on which bills to pass in Congress' crowded lame-duck session, hundreds of thousands of unemployed workers may find themselves struggling just to make ends meet. That's because Congress has not passed an extension for long-term unemployment benefits, the payments the federal government sends to laid-off workers who have exhausted the traditional 26 weeks of assistance administered by states. Although Congress traditionally approves federal long-term assistance during times of high unemployment, Senate Republicans have blocked several attempts ...
Jobless Claims Fall to Two-Month Low
By not in system - AOL News(Sept. 16) -- Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations. Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000. Analysts polled by Reuters forecast claims rising to 460,000. ...
Checks Are Coming: Obama Signs Unemployment Bill
By not in system - AOL NewsWASHINGTON (July 22) -- Federal checks could begin flowing again as early as next week to millions of jobless people who lost up to seven weeks of unemployment benefits in a congressional standoff. President Barack Obama on Thursday signed into law a restoration of benefits for people who have been out of work for six months or more. Congress approved the measure earlier in the day. The move ended an interruption that cut off payments averaging about $300 a week to 2˝ million people who have been unable to find work in the aftermath of the nation's long and deep recession. At stake are up to ...
Unemployment Benefits Measure Clears Senate Hurdle
By not in system - AOL News(July 20) -- After three failed attempts, the Senate voted 60 to 40 to end a Republican filibuster Tuesday over a bill to extend unemployment benefits for the long-term unemployed through the end of November. More than 1 million Americans have been without benefits since the latest extension expired at the end of June. ...
Unemployment Benefits Extension Clears Senate Hurdle
By not in system - AOL NewsWASHINGTON (July 20) -- Senate Democrats broke through a stubborn Republican filibuster Tuesday and pressed to restart jobless benefits for 2˝ million Americans still unable to find work in the frail national economic recovery. The Democrats were victorious by the single vote of a new senator sworn in only moments earlier. Senators voted 60-40 to move ahead on the bill, clearing the way for a final vote in the chamber on Wednesday. The recovery from the nation's long and deep recession has produced relatively few new jobs so far, and millions of people's unemployment benefits began running ...
Obama Pushes Congress to Extend Jobless Benefits
By not in system - AOL News(July 19) -- In a sharp, scolding tone, President Obama on Monday castigated the "partisan minority" who have held the workers of America "hostage to politics" by delaying the extension of unemployment benefits. The president called for Congress to pass the extension, which will come up for vote tomorrow, saying it was "time to do what's right -- not for the next election, but for the middle class." ...
GOP Senators Shoot Down Jobless Bill, Unemployment Not Extended
By Carl Franzen - Politics DailyLate Thursday afternoon, Senate Republicans unanimously defeated a $35.5 billion jobless bill backed by the Democrats that would have extended a host of unemployment benefits to out-of-work Americans. Besides dealing President Barack Obama (who backed the bill) a tremendous political loss during an election year, the GOP's successful filibuster and no-vote combo means that some 200,000 Americans per week will lose their benefits, according to The Associated Press. Citing Labor Department statistics, Democrats claimed that failure to pass the bill would result in 1.2 million Americans losing ...
Republicans to the Unemployed: You're Lazy
By Donna Trussell - Politics DailySalt, meet wound. Wound being unemployment, and salt being the suggestion that the worst economy since the Great Depression was created by its powerless victims -- the jobless. Republicans, do tell: If so many jobs are ripe for plucking, explain the five applicants for every job. (Down from six a few months ago. Oh joy.) Why would anyone believe unemployment is voluntary when there is so much evidence to the contrary? The answer is surprisingly simple: Because that belief makes them feel good. Life is not fair, we learned in childhood. Apparently we never got over it. The psychology term ...
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