Monday, July 19, 2010

Update: Unemployment Benefits extension likely to pass

by Bill McBride on 7/19/2010 07:40:00 PM

Earlier I mentioned I wasn't sure if the unemployment benefit extension would pass - it looks like it will pass tomorrow.

The WSJ reports Senate Set to Extend Jobless Benefits

On Tuesday, Democrats are likely to get the 60 votes they need to extend the benefits through November. ... The House is expected to approve the Senate's version Wednesday and send it to Mr. Obama for his signature.
Note: this is an extension of the qualification dates for existing tiers of extended unemployment benefits, not additional weeks of benefits.