Here we go again. Last night, Sens. Harry Reid (D-Nev.) and Max Baucus (D-Mont.), the Senate majority leader and the head of the Senate Finance Committee, introduced a new unemployment extension bill. It is not actually strictly standalone: It includes an extension of the period in which homebuyers can close More…
For 23 years, 58-year-old Cindy Paoletti of Salina, N.Y., worked in the corporate accounting division of J.P. Morgan Chase, balancing payroll accounts in an upstate office of the Wall Street bank. In December 2007, Paoletti was let go in a wave of layoffs that eventually shuttered the entire Syracuse operations More…
Having unveiled their plan to extend unemployment benefits through the end of the year (not to be mistaken for a plan to create new benefits), Democrats will no doubt be racing to pass the measure before June 1, which marks the current deadline to file for More…
It’s not the permanent fix they were looking for, but the American Medical Association, the nation’s largest lobby of doctors, said yesterday that it supports the Democrats’ proposal to postpone a pay cut for Medicare doctors until 2014 — a temporary solution that kicks the problem down the More…
So says the office of Sen. Max Baucus (D-Mont.), who heads the Senate Finance Committee.
The bill would extend the filing deadline for the existing tiers of emergency unemployment benefits — not to be confused with the creation of additional tiers — through the end of More…
As Congress continues to negotiate unemployment benefits legislation, Bloomberg has a story this week noting what few others have: that the so-called extension of benefits isn’t really an extension of benefits at all. Rather, it’s an extension of the filing deadline to apply for existing benefits, More…
Financial regulatory reform uses multiple complex provisions to force banks to raise capital and lower risk. Today, Sen. Charles Schumer (D-N.Y.) offered his support for a blunter instrument: a bank tax.
“I think the administration’s proposal is a common-sense way to make sure that money should be repaid, and More…
The Senate this evening took a long stride toward (finally) passing an $18 billion proposal designed to tackle the nation’s jobs crisis, voting to end debate on a bill granting tax credits to businesses that hire unemployed workers. The vote was 61 to 30 to block More…
After a five-day standoff, Sen. Jim Bunning (R-Ky.) conceded defeat, and the Senate last night approved a short term measure extending COBRA benefits, funding for doctors who treat Medicare patients, federal highway money and the filing deadline for unemployment insurance.
It was quite a More…
A few weeks ago, Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), the leaders of the Senate Finance Committee, came together in rare bipartisan fashion to propose an $85 billion bill designed to tackle the nation’s employment crisis.
Don’t expect the same cooperation surrounding the latest jobs proposal.
rss