Unemployment benefit extension news review and Congressional Note Update today April 5, 2014:
The good news right now regarding the current long term unemployment benefit bill is that it is expected to pass through the Senate on Monday April 7, 2014. The bad news is that this does not mean that long term unemployment benefits will be granted to the over 2 million Americans currently living day to day without gainful employment and without federal benefits. Many of these Americans exhausted their long term unemployment benefits as of December 28, 2013.
The current bill, expected to officially pass through the Senate on Monday, is designed to extend long term unemployment benefits through May and will pay out unemployment compensation retroactively. The bill’s passage through the Senate on Monday will not guarantee benefits for Americans since the bill still has to pass through the House. Members in the House have been publicly vocal regarding their negatively skewed criticism of the bills design. House Speaker John Boehner relayed that the bill is not currently designed to promote job creation which he has said is an aspect necessary to gain his favor. He has also said that the retroactive payment design is flawed and would be unimplementable. Boehner has said that the legislation must be paid for and must include specific measures to stimulate job growth. Boehner said that these aspects have not been included and the bill should therefor be dropped from consideration. Monday will be progressive for the unemployment deal, but the path through the House is expected to be contentious.