After cutting COBRA health care benefits for the unemployed and Medicaid funds for states with budget problems, the House has finally passed their economic recovery bill, the American Jobs and Closing Tax Loopholes Act of 2010.
But they are a day late. The Senate adjourned this afternoon and won't be back to vote on the bill until Monday, June 7. The current unemployment benefits extension that was approved by Congress in April is set to expire on June 2. According to the Department of Labor, more than 300,000 unemployed people will exhaust their current tier of benefits and be left without a lifeline by the time the Senate gets back to take up the bill.Read Full Article