Friday, November 5, 2010

Two million people poised to lose jobless benefits - MarketWatch

Two million people poised to lose jobless benefits - MarketWatch:
"WASHINGTON (MarketWatch) — About 2 million long-term jobless workers could lose eligibility for unemployment-insurance payments by the end of the year due to the expiration of federal funding.

A special extended-benefits program that relies on federal funds will start shutting down later this month. There’s little time to work on legislation to extend the program during the lame-duck session in Congress, and passage of additional benefits would likely be even tougher once Republicans assume majority status in the House of Representatives starting in January.

A spokeswoman for Senate Majority Leader Harry Reid, of Nevada, said there’s a long list of “things to do and not a lot of time to do them” during the lame-duck session, scheduled to convene Nov. 15."

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