Latest In

Breaking News

Senate Advances Bill Extending Unemployment Benefits

The Senate on Tuesday moved a step closer to passing a 14-week, nationwide extension of unemployment benefits, clearing a procedural hurdle that will bring the

Jul 31, 2020
9K Shares
757.1K Views
The Senate on Tuesday moved a step closer to passing a 14-week, nationwide extension of unemployment benefits, clearing a procedural hurdle that will bring the bill to the chamber floor.
The vote count was 87 to 13 — well beyond the 60 yeas required to proceed to the floor debate.
The proposal had been held up for almost three weeksas party leaders wrangled over a series of controversial GOP amendments, including one to defund ACORN and another to keep illegal immigrants from entering the job market.
Democrats have argued that the Republican amendments are unrelated to the underlying bill. Three times in recent weeks, party leaders have asked for GOP consent to pass the legislation unanimously, only to be rebuffed by Republicans on each occasion.
Meanwhile, unemployment numbers continue to rise. Nationwide, the unemployment rate hit 9.8 percent in September, according to the Labor Department — the highest level since 1983. “It isn’t just the Democrats who are out of work,” Sen. Richard Durbin (D-Ill.) said before Tuesday’s vote. “This is a time for bipartisanship.”
The Senate bill would extend unemployment insurance by 14 weeks nationwide, while tacking on an additional six weeks in those states where jobless rates have topped 8.5 percent. The House last month passed a less generous bill, extending unemployment benefits for 13 weeks, but only in high-unemployment states.
Camilo Wood

Camilo Wood

Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles