Saturday, January 29, 2022
Home Economy Obama pushes for extension of unemployment benefits

Obama pushes for extension of unemployment benefits

Washington, 08 Dec 2013: President Barack Obama Saturday urged lawmakers to extend unemployment benefits for millions of unemployed Americans before Christmas to help low-income families and bolster job creation.

“Right now, more than one million of our fellow Americans are poised to lose a vital economic lifeline just a few days after Christmas if Congress doesn’t do something about it,” Obama said in his weekly address Saturday, Xinhua reported.

Around 1.3 million workers currently receiving extended unemployment insurance (UI) benefits are set to lose them Dec 28 and about 3.6 million additional people will lose access to UI benefits beyond 26 weeks by the end of 2014, if Congress allows the programme to expire, the White House said in a report Thursday.

Unemployed Americans can get 26 weeks of state-paid unemployment benefits, and the length of the benefits has been extended in 2008 after the onset of the financial crisis with the financial help of the federal government. The federal government- funded extra assistance UI programme has been repeatedly extended in past years.

“We need to do everything we can to help businesses create more good jobs that pay good wages even faster. Because the hole that we’re still digging out of means that there are still millions of Americans looking for work — often because they’ve been laid off through no fault of their own,” Obama said.

He said if Congress refuses to act, it would not just hurt families already struggling, it would actually harm the economy, adding that unemployment insurance is one of the most effective ways to boost the economy.

“When people have money to spend on basic necessities, that means more customers for our businesses and, ultimately, more jobs,” he noted.


IANS

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

20,000FansLike
3,163FollowersFollow
13,000SubscribersSubscribe

Must Read

Bihar Students’ Protest Reminds One of JP’s “Sampoorna Kranti” In 1973

Syed Khalique Ahmed NEW DELHI—The massive students’ protests for the last four days in Bihar against the alleged “irregularities”...

WPI President Moves Court For Arrest of Sudarshan TV Editor-in-Chief Suresh Chavhanke

Syed Khalique Ahmed NEW DELHI— Metropolitan Magistrate Jitendra Pratap Singh of the Saket Courts on Thursday issued a notice to...

Former Vice-President Hamid Ansari, 3 US Lawmakers Express Concern Over Deteriorating Situation of Human Rights in India

India Tomorrow NEW DELHI--Former vice-president Hamid Ansari and three US lawmakers have expressed their serious concern over the human...

Hate Becomes ‘New Normal’ in India

By Dr. Zafarul-Islam Khan* The Indian ruling party, BJP, uses unscrupulous means to achieve and retain power. This includes...

Related News

Bihar Students’ Protest Reminds One of JP’s “Sampoorna Kranti” In 1973

Syed Khalique Ahmed NEW DELHI—The massive students’ protests for the last four days in Bihar against the alleged “irregularities”...

WPI President Moves Court For Arrest of Sudarshan TV Editor-in-Chief Suresh Chavhanke

Syed Khalique Ahmed NEW DELHI— Metropolitan Magistrate Jitendra Pratap Singh of the Saket Courts on Thursday issued a notice to...

Former Vice-President Hamid Ansari, 3 US Lawmakers Express Concern Over Deteriorating Situation of Human Rights in India

India Tomorrow NEW DELHI--Former vice-president Hamid Ansari and three US lawmakers have expressed their serious concern over the human...

Hate Becomes ‘New Normal’ in India

By Dr. Zafarul-Islam Khan* The Indian ruling party, BJP, uses unscrupulous means to achieve and retain power. This includes...

Communalism Has Overtaken The Constitution!

Aam Aadmi Party (AAP), founded and nurtured by India's progressive and secular intellectuals, is trying to make communal politics deeper and stronger...