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Senate Shoots Down Efforts to Offset Unemployment Benefits

Sen. Tom Coburn (R-Okla.) made headlines a few weeks back when he killed the Democrats’ hopes of passing an unemployment benefits extension before the arrival

Jul 31, 2020
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Sen. Tom Coburn (R-Okla.) made headlines a few weeks back when he killed the Democrats’ hopes of passing an unemployment benefits extension before the arrival of the deadline to file for new tiers, which came and went on April 5.
The Oklahoma Republican — known not endearingly as “Dr. No” — has insisted that the new costs be offset with spending cuts elsewhere in the budget. Democrats, on the other hand, want to tack the costs onto the deficit.
Today, Coburn has been at it again, offering two separate amendments that would have forced Democrats to offset the new spending. Both were shot down, but they did accomplish one thing: They’ve stalled the passage of a bill that could be helping hundreds of thousands of unemployed workers weather the jobs crisis, thereby keeping the Democrats from tackling other priorities.
Don’t say they aren’t consistent.
Camilo Wood

Camilo Wood

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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.
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