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'Fiscal cliff' could cut emergency jobless benefits
People on long-term unemployment could be among the hardest hit if the country goes off the "fiscal cliff."
Jon Peacock with the Budget Project at the Wisconsin Council on Children and Families says about 40,000 people in Wisconsin are receiving the emergency assistance, after exhausting their regular unemployment benefits that expire after six months.
If Congress misses the deadline for averting the “fiscal cliff,” Peacock says those displaced workers would take an "instant hit."
A recent report by the nonpartisan Congressional Budget Office found that extending the federal unemployment benefits through next year could create about 300-thousand jobs.
Jon Peacock with the Budget Project at the Wisconsin Council on Children and Families says about 40,000 people in Wisconsin are receiving the emergency assistance, after exhausting their regular unemployment benefits that expire after six months.
If Congress misses the deadline for averting the “fiscal cliff,” Peacock says those displaced workers would take an "instant hit."
A recent report by the nonpartisan Congressional Budget Office found that extending the federal unemployment benefits through next year could create about 300-thousand jobs.
posted : December, 14th by WHBY
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