Millions Face Loss of Unemployment Benefits

In a blow for millions of out-of-work Americans, Congress failed to agree today on extending emergency jobless benefits for the nation's long-term unemployed. The benefits are set to expire tonight. The consequences of ending the extended benefits aren't entirely clear though most agree it could hurt the recovery. The Labor Department estimates that 635,000 people could lose all benefits by Dec. 11, with more than 1.6 million losing them by Christmas. The rippling effect, some argue, could...Full Story
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