Unemployment Benefits Extension Signed!
President Obama signed the Unemployment Benefit Extenders Bill on July 22, 2010. The bill extends unemployment benefits through November 30, 2010. The program, which expired on June 2, 2010, will extend up to 73 weeks of federal benefits to people who have exhausted their initial 26 weeks of state jobless benefits (for a total of 99 weeks). They are also eligible for retroactive payments for the period when benefits lapsed. The passage comes after weeks of political wrangling over the measure's cost and benefit to the economy. The legislation passed the Senate on Wednesday in a vote to defeat a Republican filibuster, and passed the House on Thursday mostly along party lines.
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