Emergency Unemployment Compensation on the “Fiscal Cliff”
While fiscal cliff negotiators focus on big items like the expiration of the Bush tax cuts and the sequester, failure to reach a deal could mean the end of Emergency Unemployment Compensation, currently received by some two million longterm unemployed, including some 40,000 people here in Wisconsin. “They’ve been unemployed for more than six months. They’re actively searching for work or else they wouldn’t be eligible, and in most cases they’ve gone through their savings, and they’re really struggling to get by,” said Jon Peacock with the Wisconsin Budget Project.
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