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Unemployment benefit cliff hits 1.3 million Americans
More than 1 million jobless Americans face a loss of federal emergency unemployment compensation as the program ends this weekend, potentially slowing consumer spending and repeating budgetary disputes in Congress. State totals show California 214000 and New York 127000 losing benefits, with 1.3 million nationwide affected. Analysts warn GDP could dip and consumer demand falter without extended aid.
MENTIONED IN THIS ARTICLE
Washington
U.S
Congress
Vir Lees Gan Labor Department
Gene Sperling
White House
National Economic Council
Barack Obama
House
Senate
Obama
Congressional Budget Office
Sander Levin
Michigan
Chris van Hollen
Maryland
Sen
Rand Paul
Kentucky
Maurice Emsellem
National Employment Law Project
Michael Feroli
Jpmorgan Chase
Feroli
Congression Budget Office