Posts Tagged Benefits
The $24 billion economic package, which would also broaden tax breaks for businesses, cleared the House Thursday afternoon in a 403-12 vote and heads to President Barack Obama to sign into law. It passed 98-0 late Wednesday in the Senate.
Under the measure, the $8,000 tax credit for first-time homebuyers would be lengthened by seven months and expanded with a $6,500 credit for some prospective homebuyers who already own homes.
The nearly 2 million people who have lost or are in danger of running through their unemployment benefits before the end of 2009 would receive up to 20 weeks in additional benefits.
For those in states with unemployment rates above 8.5 percent, it would grant an additional six weeks on top of that. The extension is the fourth since last June, and could give some people up to 99 weeks of unemployment benefits, above the previous record of 65 weeks set in the 1970s, according to the Associated Press.
More after the jump – Source The NewsHour
KERA’s Shelley Kofler broke a story last week that Texas would have to borrow money from the federal government to help pay for rising unemployment benefits this month.
Today, Dallas Morning News reporter Robert T. Garrett writes that the Texas Workforce Commission confirmed that the unemployment trust fund would run out of money early next week and the state will have to borrow $643 million to cover claims through Oct. 1.
In addition, Robert writes that some 82,000 unemployed Texans scheduled to exhaust their benefits this week would not receive immediate 13-week extensions as expected.
A TWC spokeswoman blamed the delay – which could be at least a couple months – on stringent federal rules for accessing the benefits and state computer problems.
The news comes at a time when unemployment levels are rising. The DMN story notes that about 285,000 Texans were on unemployment compensation in the six weeks ending June 27 – nearly triple the number from a year earlier.
As of early June, 14 states had run out of money to pay for unemployment benefits and were forced to borrow from the federal government. Source KERA
So the jobless numbers contain more pain and stress than we might imagine. If you lose your job, you will lose your home. If you cannot get a job again quickly, you may have nothing.
We have not talked much about this yet – there is a lot at stake – there is a lot that we can do.