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Category: Money

Extension for Jobless Benefits Fails

Written on November 19, 2010 by Japhet Writ

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Though the stock market is surging today, the measure to extend the jobless benefits failed in the House of Representatives. Due to this, shade of things are sure to come by 2011.

Despite the surging today, the number of continues to fall. That is because the measure to extend benefits for three more months failed in the . This news is very interesting since the new Congress is yet to start on January. Therefore, the outgoing Democratic majority was unable to garner enough votes to extend the . Meanwhile, this is a bad news for consumer and societal fabric.

Should jobless benefits be continued, or is it better to stop it? Drop your opinions at the comment box.

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