Congress Gives the Jobless a Christmas Gift

Congress Gives the Jobless a Christmas Gift

“More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as extended federal unemployment benefits come to a sudden halt this weekend, with potentially significant implications for the recovering U.S. economy. A tense political battle likely looms when Congress reconvenes in the new, midterm election year.”

– “1.3 Million Losing Unemployment Benefits Saturday,” Bradley Klapper, Associated Press

More:

“Unemployment benefits for 1.3 million expire Saturday,” Emily Jane Fox, CNN Money

“Benefits to end Saturday for long-term jobless,” Ylan Q. Mui, Washington Post

“Charts: The Worst Long-Term Unemployment Crisis Since the Depression,” Dave Gilson, Tasneem Raja, and AJ Vicens, Mother Jones

“The Fear Economy,” Paul Krugman, The New York Times

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Short Link: http://wp.me/p6sb6-ikT

Image (based on a WPA photo by John E. Allen) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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