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Eugene

(67,319 posts)
Fri Dec 27, 2013, 01:50 PM Dec 2013

1.3 million losing unemployment benefits Saturday [View all]

Source: Associated Press

1.3 million losing unemployment benefits Saturday

AP foreign, Friday December 27 2013

BRADLEY KLAPPER

Associated Press= WASHINGTON (AP) — More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as federal unemployment benefits come to a sudden halt this weekend.

The development entails potentially significant implications for the recovering U.S. economy and sets up a tense battle when Congress reconvenes in the new year.

For families dependent on cash assistance, the end of the federal government's "emergency unemployment compensation" will mean some difficult belt-tightening as enrollees lose their average monthly stipend of $1,166.

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Read more: http://www.theguardian.com/world/feedarticle/11125770
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