Thousands of jobless workers in Washington state will lose their unemployment checks starting later this month when the federal government begins withdrawing emergency benefits because overall state unemployment has dropped below 8.5 percent.
Based on what The New York Times describes as President Obama’s “substantial concessions to Republicans,” Democrats in Congress have reason to fret. Not only did Obama agree to extend the Bush tax cuts for the wealthy, but he caved in to Republican demands to neuter the estate tax. ... (more)
How convenient that seemingly everyone in the liberal blogosphere, and even at many points to the right, got to use Jim Bunning as a scapegoat. The venom of the attacks suggests that the maverick Republican senator from Kentucky provided a welcome alternative to the real villains: bankers much closer to the centers of power.
ProPublica reports that after paying out unemployment benefits to a record 20 million people, 25 states ran out of funds and now must borrow, tax and slash to keep the checks in the mail. Find out how your state is doing with this handy tool.
The Labor Department announced Thursday that fewer Americans than anticipated have filed unemployment benefit claims this month, potentially pointing to a less substantial unemployment population and maybe, just maybe, better economic growth in 2010.