Inside these posts: Unemployment benefits

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More states looking to cut jobless benefits

A growing number of states are looking to cut back on jobless benefits to minimize the increase in unemployment taxes businesses pay. State officials are concerned that these tax hikes could deter companies from hiring.

Some states, such as Florida and Arkansas, are debating reducing the number of weeks that the jobless can collect state unemployment. Others, including Indiana, want to limit the number of people eligible for benefits. Get the full story »

U.S. jobless claims up 26,000 last week

New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but held below a key level associated with labor market recovery. Get the full story »

White House: Jobless aid lapse may cost 600K jobs

The White House urged Congress Thursday to extend unemployment aid and warned that failure to act would inflict a heavy toll on millions of Americans that could put the U.S. economic recovery at risk.

“Without an extension, employment would be about 600,000 lower…in December 2011 than if a year-long extension were passed,” according to a new report from the White House Council of Economic Advisers.

U.S. unemployment insurance for those on long-term aid, which Congress had already extended to up to 99 weeks from a traditional 26 weeks of support, expired on Wednesday. Get the full story »

Jobless benefits expire for 800K at midnight

A Democrat-sponsored bill to extend unemployment benefits by one year was introduced in the Senate Monday, but it is likely to face stiff opposition from Republicans. The bill’s sponsor, Senator Max Baucus, D-Mont., said in a statement that the proposed legislation would reauthorize benefits for nearly 800,000 out-of-work Americans who are about to exhaust their benefits next week.

It would also extend benefits for 2 million more Americans facing the same fate at the end of the year, he said. Get the full story »

Tax cuts, unemployment could be extended in deal

A deal on a temporary extension of the Bush-era tax rates could emerge that would also renew unemployment benefits for 2 million Americans about to lose them, top lawmakers said Tuesday. Get the full story »

Senate to vote today on unemployment extension

A Senate vote is scheduled this afternoon on extending the deadline to file for unemployment benefits through the end of November. The bill would cost $34 billion in additional deficit spending, according to the Congressional Budget Office. Senate GOP leaders have blocked a vote several times, highlighting deficit concerns by arguing that any benefits extension should be offset by spending cuts. Get the full story »

Obama urges Republicans to help pass jobless aid

President Obama on Monday called on Republicans to put aside politics and to join with Democrats in approving an extension of jobless benefits. Speaking from the Rose Garden, Obama repeated his recent themes, criticizing the Republicans for refusing to pass the $34 billion extension pending in the Senate.

Obama presses for extension of jobless benefits

U.S. President Barack Obama will seek on Monday to pressure Republicans to pass an extension of unemployment benefits that he says is crucial to help middle-class families hit by the recession. Get the full story »

U.S. jobless claims rise, stoke recovery worries

New claims for state jobless benefits unexpectedly rose last week, while manufacturing activity and employment slowed in June, heightening fears the U.S. economic recovery is stalling.

The data on Thursday added to concerns over the risk of a double-dip recession, although many analysts said a renewed downturn was unlikely as the production side of the economy continues to expand, though less briskly than earlier. Get the full story »

Bill links unemployment extension, home tax credit

Senate Democrats introduced legislation Tuesday night that once again seeks to extend federal jobless benefits and a homebuyers’ tax credit, a week after a similar measure was defeated by lawmakers as part of a wider tax and benefit package. Get the full story »

Unemployment extension fails for 3rd time

A Democratic plan to provide additional aid to jobless workers, businesses and cash-strapped states and raise taxes on investment fund managers failed in the U.S. Senate.

The bill, which also would have provided more aid to cash-strapped states for the Medicaid health program for the poor, fell a few votes short of the 60 needed to advance in the 100-member Senate. One Democrat, Ben Nelson, joined 40 Republicans to block the measure. Get the full story »