With the national unemployment rate at nearly 10 percent,workers are looking for a lifeline. Congress responded with ameasure that will extend unemployment benefits for 14 weeks toworkers who have been out of work for nearly a year, theAssociated Press reports. Workers who live in states wherethe unemployment rate is 8.5 percent or higher will get anadditional six weeks. The measure will apply to almost 2 millionpeople.
|The extension met with unanimous approval in the Senate; today,Congress voted 403-12 in support of the bill. It will be signed byPresident Obama tomorrow.
|The extension, which will cost $2.4 billion, will be paid for byextending a mandatory unemployment insurance payroll tax onemployers.
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