Unemployment Extension Bill Voted:Obama Signs Unemployment Benefits Bill
Unemployment Extension Bill Voted:Obama Signs Unemployment Benefits Bill – Federal checks will start being dispersed as early as next week to nearly 2.5 million people who exhausted all of their unemployment allotment.
The last extension ended seven weeks ago, and the debate about whether or not to extend them has been one of the most intense in recent months.
President Barack Obama signed the bill into law that would restore unemployment for individuals that have been out of work for six months or more. Congress was able to pass the legislation earlier in the day. Two and a half million people have gone seven weeks without any sort of government assistance.
Now, individuals will be able to receive 73 weeks of federally financed benefits for those who have exhausted 26 weeks of state jobless benefits. There are currently around 5 million people in the program, and nearly half of them had exhausted their benefits.
Those who have had to go without help will receive retroactive payments for the time that they missed. This money will be delivered to their bank accounts or will be given to them on their state-issued assistance debit cards.
Some states will see the back payments start next week. These states include Pennsylvania and New York, where most of those in need live.
It may take a few weeks for all of the payments to be sent out. The House voted 272-152 to pass the bill, which sent the measure to the president’s desk at the white house. He signed the bill into law.
Category: US News