http://tinyurl.com/89858aw"The real failure of the Joint Select Committee is not the lack of a deficit-cutting agreement, which poses no threat to the economy, but rather the failure to reauthorize the federal unemployment insurance programs that expire on December 31," said Christine Owens, executive director of the NELP.
House-sponsored legislation also would relieve states that have federal unemployment insurance loans from interest charges next year, prevent higher federal unemployment taxes beginning in January on employers in insolvent states and provide a solvency bonus to states without any outstanding loans.
Sen. Jack Reed (D-R.I.) introduced a companion measure in the Senate on Thursday along with Sens. Dick Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.).
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