360° Coverage : Obama pushes for extension of unemployment benefits

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Obama pushes for extension of unemployment benefits

Dec 7 2013, 3:54pm CST | by IANS

Washington, Dec 8 (IANS) President Barack Obama Saturday urged lawmakers to extend unemployment benefits for millions of unemployed Americans before Christmas to help low-income families and bolster job creation.

Washington, Dec 8 — President Barack Obama Saturday urged lawmakers to extend unemployment benefits for millions of unemployed Americans before Christmas to help low-income families and bolster job...

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49 weeks ago

Obama pushes for extension of unemployment benefits

Dec 7 2013, 3:54pm CST | by IANS

Washington, Dec 8 (IANS) President Barack Obama Saturday urged lawmakers to extend unemployment benefits for millions of unemployed Americans before Christmas to help low-income families and bolster job creation.

Washington, Dec 8 — President Barack Obama Saturday urged lawmakers to extend unemployment benefits for millions of unemployed Americans before Christmas to help low-income families and bolster job creation.

"Right now, more than one million of our fellow Americans are poised to lose a vital economic lifeline just a few days after Christmas if Congress doesn't do something about it," Obama said in his weekly address Saturday, Xinhua reported.

Around 1.3 million workers currently receiving extended unemployment insurance (UI) benefits are set to lose them Dec 28 and about 3.6 million additional people will lose access to UI benefits beyond 26 weeks by the end of 2014, if Congress allows the programme to expire, the White House said in a report Thursday.

Unemployed Americans can get 26 weeks of state-paid unemployment benefits, and the length of the benefits has been extended in 2008 after the onset of the financial crisis with the financial help of the federal government. The federal government- funded extra assistance UI programme has been repeatedly extended in past years.

"We need to do everything we can to help businesses create more good jobs that pay good wages even faster. Because the hole that we're still digging out of means that there are still millions of Americans looking for work -- often because they've been laid off through no fault of their own," Obama said.

He said if Congress refuses to act, it would not just hurt families already struggling, it would actually harm the economy, adding that unemployment insurance is one of the most effective ways to boost the economy.

"When people have money to spend on basic necessities, that means more customers for our businesses and, ultimately, more jobs," he noted.

IANS

Source: IANS

 
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2 weeks ago

Seven Obamacare Bills That The New GOP Senate Majority Should Pass In 2015

Nov 5 2014 1:29am CST | Source: Forbes Real Time

Republicans have retaken the Senate in the 2014 midterm elections. As of this writing, Republicans will gain somewhere between 7 and 9 seats—depending on what happens in Louisiana and Alaska—for a total of 52 to 54. The new Republican majority will doubtless hold a symbolic vote to repeal Obamacare. But more importantly, Republicans will now be able make smaller changes to the health law that President Obama might actually sign into law. ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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2 weeks ago

Democrats Are Freaking Out After An Absolutely Disastrous Election Night

Nov 5 2014 12:58am CST | Source: Business Insider

Democrats knew they were in trouble on election night Tuesday when a Virginia Senate seat that was expected to be a blowout victory began to come in much closer than expected. "When you're cheering for an eke-out win in Virginia, not going to be a good night," one Democratic strategist told Business Insider.  Another Democratic insider summed up their impression of the evening's results in a rather blunt text. "Fucking. ...
Source: Business Insider   Full article at: Business Insider
 

 
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2 weeks ago

Capitol Report: Republicans retake Senate in wave election

Nov 4 2014 11:17pm CST | Source: MarketWatch

Republicans retook the Senate in Tuesday’s midterm elections, delivering a stinging blow to President Barack Obama’s party amid lingering worries over the economy and the president’s own unpopularity. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
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2 weeks ago

U.S. midterm elections 2014: Republicans toast conquest of Senate but final results could take weeks

Nov 4 2014 11:05pm CST | Source: National Post

Republicans confidently toasted their conquest of the U.S. Senate Tuesday night, but with races too close to call everywhere from Alaska to Louisiana, it may take weeks of vote tallies and runoff elections before the United States electorate knows for sure. While the Democrats were able to hold onto key seats, early results indicated a definite shift towards the Republican Party. In Colorado, Republican Cory Gardner became the first to unseat an incumbent senator since 1978. In West ...
Source: National Post   Full article at: National Post
 

 
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2 weeks ago

Republicans exploit bitter disappointment in Obama to take control of the Senate

Nov 4 2014 10:58pm CST | Source: National Post

Republicans exploited bitter disappointment with Barack Obama to seize full control of Congress Tuesday in America’s most expensive midterm election ever, teeing up what could be a tumultuous end to the president’s final term. The GOP were reported to have 52 seats — and a majority in the Senate — to the Democrats 44 seats, by the major news networks by 11.30 p.m. They could pick up more seats in the days and weeks to come as the final results are tallied. As expected, the Republica ...
Source: National Post   Full article at: National Post
 

 
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2 weeks ago

Harry Reid Congratulates Mitch McConnell On Becoming Majority Leader

Nov 4 2014 10:52pm CST | Source: Business Insider

Current Senate Majority Leader Harry Reid congratulated Minority Leader Mitch McConnell Tuesday night, after Republicans clinched wins in enough seats to retake control of the US Senate.  "I'd like to congratulate Senator McConnell, who will be the new Senate Majority Leader," Reid said. "The message from voters is clear: they want us to work together. I look forward to working with Senator McConnell to get things done for the middle class." McConnell is exp ...
Source: Business Insider   Full article at: Business Insider
 

 
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2 weeks ago

U.S. midterm election 2014: Republicans on track to make small House gain

Nov 4 2014 10:47pm CST | Source: National Post

Any ambition the Democrats may have had to regain control over the U.S. House of Representatives dimmed weeks ago when polling began to show that U.S. President Barack Obama’s party stood poised to lose the senate. Indeed, while much of the drama continued to play out among the 33 senate seats up for grabs on Tuesday evening, the Republicans were on track to make small gains in the House, as of press time. Republicans had flipped four seats an ...
Source: National Post   Full article at: National Post
 

 
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2 weeks ago

Republicans win US Senate majority: TV networks

Nov 4 2014 10:34pm CST | Source: Business Insider

Washington (AFP) - Republicans captured a majority in the US Senate Tuesday in a sweeping midterm election victory that delivers a rebuke to President Barack Obama's Democrats.With a win in Iowa, the Republican party picked up at least six Senate seats to guarantee at least 51 members of the 100-member chamber, TV networks said, while projecting an increasing in the ...
Source: Business Insider   Full article at: Business Insider
 

 
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2 weeks ago

Republicans Have Taken Over The Senate With Victory In Iowa

Nov 4 2014 10:32pm CST | Source: Business Insider

Republicans appear poised to takeover the U.S. Senate after the Associate Press called the race in Iowa  for Republican Joni Ernst (R) over Rep. Bruce Braley (D) Tuesday night. The Iowa race was one of the most important ones in the country for Democrats, who had once expected to hold the seat of outgoing Sen. Tom Harkin (D) in a state twice won by President Barack Obama. This made the state one of two pickups ...
Source: Business Insider   Full article at: Business Insider
 

 
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2 weeks ago

The Biggest Surprise Of The Night Is Happening In Virginia...

Nov 4 2014 9:28pm CST | Source: Business Insider

Republican candidate Ed Gillespie has mounted a surprisingly strong challenge to incumbent Democratic Sen. Mark Warner in Virginia, a development that has stunned political observers in an election-night surprise.  As of 10:20 p.m. ET, according to The Associated Press, Gillespie was leading by just more than 7,000 votes with 96% of precincts reporting. The bulk of the votes left to be counted were in Fairfax County, which is expected to favor Warner.  Gillespie, a former lobb ...
Source: Business Insider   Full article at: Business Insider
 

 

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