Market Features
Additional Jobless Benefits Hinge On House Vote
ANDREW TAYLOR
WASHINGTON (AP) — A House vote Thursday is expected to send President Barack Obama a long-sought measure to resume unemployment payments to millions of people whose benefits have lapsed. Obama is set to sign the bill as soon as Congress can ship it to him. The Senate broke through months of stalemate in passing the measure Wednesday by a 59-39 vote. The House planned to vote around midday Thursday. Some 2.5 million people who been out of work for six months or more and have seen their jobless benefits lapse would receive back payments within a few weeks. Obama promised to sign the measure quickly once the House acts and denounced the "weeks of parliamentary roadblocks by a partisan minority" that had stalled approval in the Senate. "Americans who are working day and night to get back on their feet and support their families in these tough economic times deserve more than obstruction and partisan game-playing," Obama said in a statement Wednesday night. Under best-case scenarios, unemployed people who have been denied jobless benefits because of the partisan Senate standoff can expect retroactive payments as early as next week in some states. At issue are jobless payments averaging $309 a week for almost 5 million people whose 26 weeks of state benefits have run out. Those people are enrolled in a federally financed program providing up to 73 additional weeks of unemployment benefits. About half of those eligible have had their benefits cut off since funding expired June 2. They are eligible for lump-sum retroactive payments that are typically delivered directly to their bank accounts or credited to state-issued debit cards. In states like Pennsylvania and New York, the back payments should go out next week, officials said. In others, like Nevada and North Carolina, it may take a few weeks for all of those eligible to receive benefits.TheStreet Premium Services
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