House to vote on extending jobless benefits
Published: July 22,2010
WASHINGTON — The House of Representatives today is expected to send President Barack Obama a long-sought measure to resume unemployment payments to millions of people whose benefits have lapsed.
Obama is set to sign the bill as soon as Congress can ship it to him. The Senate broke through months of stalemate in passing the measure Wednesday by a 59-39 vote. The House planned to vote around midday today.
At issue are jobless payments averaging $309 a week for almost five million people whose 26 weeks of state benefits have run out. Those people are enrolled in a federally financed program providing up to 73 additional weeks of unemployment benefits.
Under best-case scenarios, unemployed people who have been denied jobless benefits because of the partisan Senate standoff can expect retroactive payments as early as next week in some states.
Democrats have become more aggressive in attacking the Republican Party for opposing the measure, which has been stripped down so that it’s essentially limited to a $34 billion, six-month renewal of unemployment insurance for the chronically jobless.
Obama promised to sign the measure quickly once the House acts and denounced the “weeks of parliamentary roadblocks by a partisan minority” that had stalled approval in the Senate.
“Americans who are working day and night to get back on their feet and support their families in these tough economic times deserve more than obstruction and partisan game-playing,” Obama said in a statement last night.
Republicans say they support the benefits extension but insist any benefits be financed by cuts to programs elsewhere in the $3.7-trillion federal budget. Republican moderates Olympia Snowe and Susan Collins were the only Republicans to support the bill Wednesday.
Sen. Ben Nelson of Nebraska was the only Democrat to break with his party to oppose the bill.
Democrats tout the economy-boosting effect of unemployment checks since most beneficiaries spend them immediately, and they say paying for them with cuts to other programs dilutes the stimulative effect.
Economists say the measure will probably have a modest beneficial effect on the economy. It represents less than one-quarter of 1 percent of the size of the $14.6 trillion economy, and is far smaller than last year’s $862 billion stimulus legislation.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Canadian company purchasing Southern Lumber for nearly $50M
- Winchester lands $50M ammunition contract from Homeland Security
- Lawmakers question education leaders about escalating administrative costs
- Deer processors need to use caution to insure safe, tasty venison
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- C Spire completes acquisition of MegaGate Broadband
- Jackson’s Landmark Center slated for mixed-use conversion
- Peavey Electronics reorganizing under new globalization plan
- 50 Leading Business Women in Mississippi (digital magazine)
- Ex-circuit clerk Palmertree gets 10 years for embezzlement