Unemployment News and Extended Benefit news Review today February 10, 2014:
Many Americans are attempting to compose themselves this week after receiving news that the Senate once again voted against passing an extension for long term unemployment benefits. The most recent plan was structured to extend unemployment benefits, which expired for many Americans as of December 28, 2013, for an additional three months. Democrats relayed that the plan would have been paid for by pension plan modifications. Fewer Republicans agreed with this plan than were necessary. More specifically, one less Republican voted for the plan than was needed and therefore, the extension plan was scrapped. Over a million out of work Americans received this disastrous news as the last week was concluding and are left feeling helpless and uncertain over what the future might hold for them and their families.
Senator Jack Reed publicly acknowledged his disappointment over the fact that approximately 1.7 million Americans will now have to continue life without the federal financial lifeline. He said that with each passing week, about 70,000 more Americans lose their long term unemployment benefits. He stated that if benefits are not provided at some point before the end of the year, millions of Americans will be left without a modest sum of money to aid and support them during weeks while they continue to search for gainful employment. He stated that the vast majority of Republicans ignored the 1.7 million Americans in need during the recent vote. The inaction on the part of the Republican side during the Senate vote has been highlighted recently, and the negative criticism continues to mount.