No Soup For You

It looks like extended unemployment benefits will expire December 1. This will have  a minor negative effect on the economy going forward.  From the AP:
Republicans in the House have blocked a bill that would have extended jobless benefits for the long-term unemployed beyond the holiday season.
The most recent extension of jobless benefits expires Dec. 1. Two million people will lose benefits averaging $310 a week nationwide by the end of the year.
With a divided Congress there will likely be a lot more of this. In the long term it is what is needed but in the short term it can lead to some pain.

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