Unemployment Benefits Extension Bill Expected to Pass in Congress Today
The Senate moved forward with the unemployment benefits extension bill, which will provide retroactive benefits until the end of the year, effectively beating the Republican filibuster with a vote of 60-40. The next step is a majority rules vote, which was delayed again by Republicans for another 30 hours, making Thursday the earliest that the bill can be passed in the Senate. After successfully moving through the Senate, the bill will have to be voted on in the House of Representatives where Democrats plan to push it through, possibly allowing for President Obama to sign it into effect by next week.
The much awaited vote for the unemployment benefits extension bill is finally being voted on today in Congress. After a highly criticized filibuster from Republicans wanting to forgo unemployment extensions because of an increasing national debt, the bill is expected to pass today with the necessary 60 votes, with the pivotal vote being cast by newly sworn in Senator, Carte Goodwin of West Virginia.
The unemployment extension bill, which will restore benefits for an estimated 2.5 million jobless, was expedited into action after President Obama blasted Republican Senators for being out of touch with Americans yesterday in his Rose Garden speech. He also criticized the Republicans for being in favor of giving tax breaks to the wealthy, while middle class Americans were struggling to pay for their basic needs.
The vote is scheduled for 2:30 PM today. However, Senators are currently discussing these issues on the Senate floor.
-- Watch C-SPAN's live streaming video of the discussions.
Lauren Fairbanks is a Brooklyn-based writer hailing originally from that far away land known as the deep South. She has covered lifestyle, small business, personal finance and career topics for various publications including Young Money, Learn Vest, She Knows, Wise Bread, and Eating Well Magazine. She's also the Founder and Editor of LifeStyler - a comprehensive guide to living in New York City on a Budget.