Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
April 25, 2014

Failure to Extend Unemployment Benefits Could Cost $26 BIllion

Bloomberg reports that “unemployment benefits for 1.3 million people in the U.S. are poised to end Dec. 28 as Democrats failed in their last-ditch effort to extend the jobless assistance before the House adjourns tomorrow.”

“Extending the benefits would cost $26 billion over two years, according to the Congressional Budget Office.”

“The failure of Congress to agree could put a dent in the nation’s economy. The CBO estimates that extending the program would boost growth by 0.2 percent and add about 200,000 jobs.”

Commented Chad Stone, chief economist for the Center on Budget and Policy Priorities: ‘This means real hardship for real people — but it’s also bad for the economy.’”

  • Jesse4

    “Failure to Extend Unemployment Benefits Could Cost $26 BIllion”
    (headline)

    Or, if you prefer . . .

    “Extending the benefits would cost $26 billion over two year . . .”

    (text of article)

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