House Republicans Draining at Least $600 Million a Week from the Economy

January 6, 2014

At the end of 2013, an emergency unemployment compensation extension program that started in 2008 under President George W. Bush expired, meaning 1.3 million jobless workers lost benefits that helped them house and feed their families. President Barack Obama and congressional Democrats have made it clear they want the program to go on, but House Republicans are refusing to act. Now Harvard economist Lawrence Katz says the "fiscally irresponsible" decision is costing America's economy at least $600 million a week.

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