CCTV.com - CNTV English - CCTV News

Obama signs jobless benefits bill

07-23-2010 09:15 BJT

WASHINGTON, July 22 (Xinhua) -- U.S. President Barack Obama on Thursday signed into law the unemployment benefits extension bill, making millions of Americans who are out of work for six months or more eligible for extended federal assistance.

The measure was approved by the House of Representatives on Thursday afternoon after clearing the Senate on Wednesday, ending a seven-week impasse over the legislation.

The bill, with a price tag of 34 billion dollars, would restore benefits to more than 2.5 million unemployed people who have seen their checks cut off since the emergency program expired on June 2.

The new measure authorizes unemployed workers to draw up to 99 weeks of aid through November averaging 309 dollars a week. That includes 26 weeks of basic aid offered by states, plus long-term federal payments.

The Obama administration has signaled that it may seek another renewal of benefits in November if unemployment remains unacceptably high.

Currently, the unemployment rate stands at 9.5 percent and about 14.6 million people are out of work. The duration of unemployment is even more worrisome. About 43 percent of unemployed workers had been out of work for six months or more and 29 percent of unemployed workers had been jobless for more than a year, according to a report by the Congress Joint Economic Committee.

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program