Federal Unemployment Extension 2010 – Obama signed into Law

alt text

BSN Stock Photo

[Best Syndication News] President Obama signed into law an unemployment extension which will restore benefits to many that were losing them. Unemployment benefits began to run out for over 400,000 people on April 5th because congress went on Spring break before finalizing the legislation.

The unemployment extension will cost the government approximately $18 billion to provide financial assistance through June 2nd, 2010. The new legislation will also cover an extension through May for COBRA, Medicare, and national flood insurance.

Senator Tom Coburn who is a Republican from Oklahoma initially stalled the bill with a filibuster by voting against an emergency approval for the extension. The reason was that he wanted to go throught the budgeting process that is traditionally done. Because of the delay the bill was put on hold while the senators went on Spring break. During this time unemployment benefits started to run out.

In the end the unemployment extension passed Senate with 59-38 votes, House passed it with a 289-112 votes. President Obama signed the unemployment benefit extension H.R.4851 of the Continuing Extension Act into law Thursday night.

There is a flaw in the new legislation that it has a 99 week cap for receiving benefits and this extension only covers those who are in the tiers 1 – 4 not those who are tier 5 individuals.

By: Marlene Donor

Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved