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jim mcdermott

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Jobless Benefits Extension Stiffs High Unemployment States

Because the bill was held up for so long in the Senate, an end-of-the-year filing deadline will prevent anyone from accessing the final six weeks of benefits, according to state officials and sources on Capitol Hill.


Liberal Dems Push to Cap Credit Card Rates

A group of liberal House Democrats on Tuesday unveiled legislation that would cap credit card rates at 18 percent. This should not to be confused with the push to freeze rates on existing balances, which made headlines last week — the Democrats’ cap would apply to future transactions as well.


The Unemployed Can Get Health Care — and Little Else

As the unemployment lines grow longer by the month, a report released today reveals why many jobless folks will likely soon lose their health coverage as well.
On average, the cost to cover families under the Consolidated Omnibus Budget Reconciliation Act (COBRA) — the federal arrangement allowing laid-off workers to keep their employer-sponsored health plans by [...]