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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Giordano Bruno6/24/2010 9:43:33 PM
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WASHINGTON (AP) -- Republicans in the Senate have defeated an
election-year bill to continue weekly jobless benefits for millions
of long-term unemployed workers.

The 57-41 loss was a major blow for President Barack Obama and
Democrats. They needed three more votes -- for a total of 60 -- to
stop a GOP filibuster.

The rejected bill would also have provided billions of dollars
in new aid, protecting the jobs of tens of thousands of state and
local government workers as the country begins to emerge from the
worst recession in seven decades.

Democrats have been trying to advance the measure for months as
an insurance policy against a double-dip recession.

Despite another round of cuts to the measure aimed at pacifying
GOP deficit concerns, not a single Republican broke with party
leaders determined to kill the measure for adding more than $30
billion to the deficit.
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