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(Washington D.C.)- Congressman Sander Levin released the following statement regarding Senate passage of an extension to emergency unemployment compensation.
“Now that the Senate has acted, the House is preparing to take up this legislation tomorrow. An estimated 50,000 people in Michigan have already exhausted their previous extensions of benefits. By the end of the year, an estimated 1.3 million people nationwide will have exhausted the current extension. We must act so these families will have this important insurance restored.
“In addition to extending unemployment compensation, this legislation recognizes that our housing markets are still fragile and extends the first time homebuyer credit into next year and makes it available to more homebuyers. It also provides relief to businesses that have been hit hard by the current economic downturn, providing cash to make investments and retain employees at a time when many face difficulty accessing credit.”
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