Monday, July 26, 2010

Economists: More jobless benefits could head off a double-dip recession


Economists: More jobless benefits could head off a double-dip recession
Restoring benefits for more than 5 million long-term unemployed workers would not put enough money into the U.S. economy to step up the pace of growth, but it could prevent the nation from sliding back into recession, economists said. Extra unemployment benefits Congress provided during the recession expired early last month, but Senate Democrats defeated a Republican filibuster Tuesday aimed at blocking a further extension. A final decision from the Senate is expected Wednesday. Google/The Associated Press (20 Jul.) , The Washington Post

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