This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Changes Target Unemployment Insurance In Wis.


MADISON, Wis. (AP) â¿¿ Qualifying for unemployment insurance could become more difficult under a series of changes to rules and regulations across state government being pushed by Gov. Scott Walker.

Walker released a report Tuesday just before his State of the State speech that identifies more than 300 rules for possible changes, including those setting requirements for recipients of unemployment benefits.

While Walker's report offers generally broad recommendations, more specific changes will likely come from the Republican-controlled state Assembly. It is conducting its own review in advance of proposing a series of bills to change the law.

Republican Assembly Speaker Robin Vos, who had not read the Walker report as of Wednesday afternoon, said GOP lawmakers will hold news conferences across the state asking for the public's help in identifying rules and regulations it believes need to be changed.

Those ideas will be taken together with Walker's report and ideas generated by Assembly committees, Vos said. Changes may be done internally by a state agency, through a rule suspension, or through legislation, he said.

While some of the changes are likely to generate little discussion or consternation, others like those targeting unemployment insurance have already gotten the attention of Democrats.

"I strongly support helping business navigate the regulatory process and eliminating unnecessary regulations," said Democratic Assembly Minority Leader Peter Barca in a statement. "But there is a huge difference between that and eliminating protections that are important for workers, children, consumers, health or the environment."

Barca said the public deserves to see more details on any proposed changes.

Walker's report, written by the Small Business Regulatory Review Board, said that while the benefits provided to the unemployed are vital to helping people get back on their feet, "common sense changes" could improve the program.

One specific recommended change was to require the unemployed to file four applications for jobs a week instead of the current two. The report also calls for looking at ways to reduce fraud and to limit exceptions that allow workers to quit a job and still receive benefits.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs