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Senate fails to reach deal on unemployment; benefits to expire June 2
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Contributor | Jason |
Last Edited | Jason May 28, 2010 04:46am |
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Category | News |
Author | Alexander Bolton |
News Date | Friday, May 28, 2010 02:10:00 AM UTC0:0 |
Description | Senate Democratic leaders conceded late Thursday that an effort to extend unemployment benefits and other expiring provisions through the end of the year will fail.
A nearly $200 billion package of unemployment benefits and tax credits floundered in the House after conservative Democrats balked at the prospect of adding $130 billion to the federal deficit.
As a result, unemployment benefits for hundreds of thousands of Americans will begin to run out on June 2.
Federal subsidies for COBRA health insurance premiums will begin to run out on May 31.
A freeze in scheduled cuts to doctors’ Medicare reimbursements will expire on May 31. |
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