So the news today is about unemployment extension june 30 2010, unemployment extension, unemployment extension news, unemployment extension tier 5, unemployment extension june 29 2010, unemployment extension update
The Supreme Court confirmation hearings continue for Solicitor General Elena Kagan. She’ll start her second day of questions from the Senate Judiciary Committee at 9:00 a.m. ET.
The Gulf of Mexico oil spill is back at the top of the Capitol Hill agenda Wednesday. Interior Secretary Ken Salazar and Michael Bromwich, newly appointed director of the Bureau of Ocean Energy Management, Regulation, and Enforcement, testify before the House Natural Resources Committee on their efforts to reform the offshore oil and gas leasing business. Kenneth Feinberg, the administrator for the BP Deepwater Horizon Disaster Victim Compensation Fund, talks to the House Small Business Committee at 10:00 a.m. ET about what the $20 billion escrow fund established by BP to deal with cleaning up the spill will do for local companies hit hard by the environmental and economic disaster.
We expect emotional testimony from two widows whose husbands died on the Deepwater Horizon drilling rig to dominate a Senate Commerce, Science, and Transportation Committee hearing on the legal liabilities and responsibilities surrounding the 71 day long tragedy.
President Obama’s Debt Commission holds a meeting to discuss medium- and long-term fiscal challenges at 9:30 a.m. ET. The commission is expected to hear testimony from close to 100 experts on ways to curb the nation’s ever expanding budget deficit.
The Senate will take up a measure to extend unemployment benefits through November. The bill would add roughly $34 billion to the deficit over the next ten years. A similar measure failed to pass in the House on Tuesday. Another economic stimulus measure, the extension of the first time homebuyer’s credit, will also be on the floor. The legislation, which provides an $8,000 credit for new homeowners who close before October 1, will be part of a larger small business initiative and is fully paid-for.
At 12:00 p.m. ET, the Senate is expected to vote to confirm Gen. David Petraeus to be the nation’s top general in Afghanistan.
On a less positive note for the armed forces, the Secretary of the Army John McHugh and Lt. Gen. Steven Whitcomb, Army Inspector General, testify before the House Armed Services Committee about new policies and procedures put in place at Arlington National Cemetery after high-profile media reports of misidentified graves and a dysfunctional management structure at the final resting place for our nation’s bravest.
In her much anticipated emergence into the mainstream media last night, Republican senate candidate Sharron Angle tried somewhat to soften her previous comments that implied jobless workers were spoiled by unemployment benefits.
She said she doesn’t think the workers are spoiled, but that the country’s system of entitlements have “spoiled our citizenry” and caused a “spoilage” in our ability to return the jobless to the workforce, she told Jon Ralston on Face to Face.
While she advocated eliminating the extension of unemployment benefits, she also advocated for creating a tiered system that would supplement wages for those who took entry level jobs that paid less than their unemployment benefit.
Seems, however, that Nevada already does that.
According to the state’s unemployment website, workers who earn less than their unemployment benefit still receive money from the state. Their unemployment checks are reduced by 75 percent of the amount they earned at the lower-paying job.
Thus, workers who accept entry-level jobs—those jobs that Angle maintained still exist in the Nevada economy despite its 14 percent unemployment rate—will earn more if they are working than if they just accept unemployment.
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