Right on schedule, President Obama signed into law this morning H.R. 3548, a federal extension of unemployment insurance. The bill extends jobless benefits to unemployed Americans set to exhaust their insurance by December 31 in states (like Illinois) where unemployment rates are high. According to the Illinois Department of Employment Security, 28,000 unemployed individuals have already run out of benefits and 12,000 more will by year's end. The legislation also extends through June an $8,000 tax credit for new homebuyers. In a statement following the signing, the president said the bill "will help grow our economy, help create and save jobs, and help provide necessary relief to small businesses." The Illinois AFL-CIO's Michael Carrigan agrees. From the Sun-Times:
"With Illinois' unemployment rate still over 10 percent, many families need this extension," said president of the Illinois AFL-CIO. "For most, their unemployment check is what keeps food on the table, and as we head into winter, their homes heated. Our economy is slowly rebuilding, but until the job market rebounds we have to protect those who have lost their jobs."
But Congress might not be done.











