Congress Must Act Before Christmas To Prevent 12 Million Losing Jobless Benefits


 According to a new study, millions of Americans will lose their jobless benefits on December 26, the day after Christmas. Many Americans are living perilously close to the edge and the loss of benefits may tip them over to poverty and disaster.

 While Congress has been stuck in a stalemate from months over passing another relief bill, the current programs are said to expire soon.

 President-elect Joe Biden on Monday called for Congress to put differences aside and to provide “immediate relief.” President Trump has also said that he supports another pandemic relief bill. However, the problem is that the Democrats want to spend more, while the Republicans want to spend less. Both sides are far apart as of now and this is creating unnecessary delays.

 President-elect Joe Biden also said, “The refusal of Democrats and Republicans to cooperate with one another is not due to some mysterious force beyond our control. It’s a conscious decision. It’s a choice that we make.”

 There are many people, including economists who are calling for Congress to act at the earliest. They warn that as the delays increase the economy will be damaged further. The pandemic has soared and is spreading through the nation. More than 1 million new unemployment claims have been filed. Americans need relief and they need it as soon as possible.

 Source NPR


Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.