Unemployment Extension: Where Do We Go From HereBy Jeffrey Paulsen on July 12, 2010, 5:53 am Posted in Finance News
With the passing of Senator Byrd the issue of getting the bill that contains the unemployment extension in it approved has become infinitely more complicated. Senator Reid has hinted that as soon as the late Senators seat is filled the votes needed will be in place, but Governor Manchin has said that the appointment would last too long, and is requesting a special election in November. What happens in the meantime is this…
Manchin Must Appoint An Interim Senator
But before he can do that the Governor has to have the approval of the W. Va legislature. He has called a special session for just that purpose now, they are to meet on July 15th at noon. Once he has approval an appointment will be made, this is expected to happen no later than the 18th. With the political and economic climate in the U.S. at present, it is anticipated that this will be expedited. Since the late Senator was a Democrat, the seat must be filled with another of the same party, so once the interim appointment is made, the votes will be available for the extension to pass.
3.3 Million By The End Of The Month
Considering all the number juggling going on when the unemployment rate is reported by the Labor Department, their estimate of 3.3 million losing their benefits by the end of the month is probably unreliable also. Their estimate of those losing by the time that the Senate reconvenes of over 2 million is probably closer to the truth. And if that is correct, then there are 3 1/2-4 million looking to lose their benefits by the end of the month, if this momentum isn’t slowed. I must agree with many of our readers and say: How sad, they abandoned their own.