Unemployment: A Bit More Cushion

A Bit More Cushion

After two failed swings at trying to extend jobless benefits for nearly 3 million U.S. workers, Congress and President Bush finally agreed last week on a $5.3 billion compromise package that could give some of the unemployed new checks by Thanksgiving. The agreement would allow workers to collect up to 20 weeks of extra checks after they have used up their initial 26 weeks of benefits. The duration of the additional benefits will depend mostly on individual states' jobless rates, with recipients in the more severely affected regions getting payments longer. The measure will be financed largely by speeding up collection...

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