David Kirkpatrick

November 21, 2008

If you’re getting unemployment …

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 2:30 pm

… good news, the checks have been extended.

From the link:

Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out.

The economic picture was only getting worse, if Wall Street was any indication. The Dow Jones industrials dropped more than 400 points for a second straight day, reaching the lowest level in more than five years, and the Standard & Poor’s 500 index fell below lows established six years ago.

The Senate’s vote followed Thursday’s government report that laid-off workers’ new claims for jobless aid had reached a 16-year high and the number of Americans searching for work had surged past 10 million.

The White House, which had opposed broader legislation containing the benefits extension, urged passage of the new version and said President George W. Bush would quickly sign it.

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