Dec 27, 2013 7:43 AM
The extension of long term unemployment benefits failed to make its way into the bipartisan budget bill signed by President Obama Thursday night.
The emergency benefits, created in response to the recession five years ago, have given millions of Americans unable to find work the cushion they needed.
But come Saturday, long term unemployment insurance will disappear.
Economists warn the cuts won't just hurt the unemployed.
It could slow the entire country's economic recovery.
In January, senators are expected to vote on a bill that would extend the benefits for three months, but many republicans are already promising to oppose it.
Critics of the unemployment extension say the economy is improving and worry continuing these benefits will only increase dependency on the government.
According to a new poll, 55 percent of Americans want Congress to extend the benefits.
Only 33 percent do not.
2 days ago