Unemployment Extension: Senate Democrats Introduce Yearlong Reauthorization Of Extended Jobless Aid

"Senate Democrats introduced a bill Monday evening that would reauthorize programs that extend unemployment aid for a full year, setting up a symbolic showdown on jobless benefits one day before they are set to expire", according to the Huffingtonpost.com. (Read more details)

Democrats will face opposition from Republicans who want the cost of the bill offset by spending cuts, which Democrats oppose. Republicans want to extend the Bush Tax cuts that are expected to expire at the end of this year, which Democrats oppose. Perhaps the two parties will reach a compromise.

Meanwhile, "Without a reauthorization, the Labor Department estimates that 2 million American will lose their benefits over the course of December, with 800,000 facing a cutoff this week alone", reports the Huffingtonpost article.

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Update: 11-30-2010

Brown gives feisty speech, attempts compromise on unemployment extension -Boston Globe

Tax Cuts Panel May Handle Jobless Benefits After Senate Blocks Reauthorization - Huffington Post