White House pushes for jobless aid extension-A A +A
Thursday, December 5, 2013
WASHINGTON -- The White House is pushing to extend jobless benefits to long-term unemployed Americans.
The argument is that if benefits don't get renewed by the end of the month, more than a million people will lose the assistance -- which will slow economic growth.
The government released a report Thursday. It says Congress has renewed benefits when unemployment was lower than the current 7.3 percent. New jobless numbers are due out Friday.
Democrats want to keep a program giving federal jobless benefits to people after their 26 weeks of state benefits run out. The Congressional Budget Office says that would cost an estimated $25 billion -- but estimates say it would also stimulate the economy and create jobs. (AP)