The Senate approved an unemployment extension, last night. The extension will be as much as 20 weeks for out-of-work Americans. It is expected to be signed into law by President Obama within the week.
According to the New York Times:
The Senate bill would extend benefits by 14 weeks nationwide for those whose relief has run out, and up to 20 weeks in states — 26 currently — where the unemployment rate is over 8.5 percent.
The House-passed bill would limit the extended benefits to those states with the highest joblessness but Senate Democrats in other states pushed for a nationwide extension. The effort for the nationwide extension was led by Senator Jeanne Shaheen of New Hampshire, where the unemployment rate is 7.2 percent.
Good Morning America had a good segment on today about the vote: Economy and Politics: What Lies Ahead?
Do you think unemployment benefits should be extended? Have you been impacted by the recession? Do you really thing the recession is over? Will the extension change your life?
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