14/01/2014 01:25:00

Senate Delays Vote on Jobless-Benefits Extension

WASHINGTON--The Senate on Monday pushed off votes on extending benefits for the long-term unemployed as lawmakers worked to salvage a deal out of an acrimonious process.

Senate Majority Leader Harry Reid (D., Nev.) said Monday the Senate would continue negotiating until Tuesday, rather than hold a procedural vote Monday evening. The delay is intended to give lawmakers more time to see if they can reach a bipartisan agreement to restore the benefits, which expired on Dec. 28.

Mr. Reid rescheduled a vote to end debate on the bill for Tuesday afternoon.

A group of eight Republican lawmakers, six of whom had previously voted with Democrats to advance the issue, coalesced Monday around a proposal extending the benefits for three months. Mr. Reid said that he needed to confer with lawmakers before deciding whether he could embrace the GOP suggestions.

"As everyone knows, the president's not in favor of a three-month proposal and I'm not either, but that doesn't mean we can't work something out," Mr. Reid said on the Senate floor Monday. Democrats last week had pushed to extend the unemployment insurance until mid-November, but scale back the number of weeks people could receive additional benefits.

The law that expired in December provided federal aid to supplement the 26 weeks of unemployment benefits provided by most states, providing up to 47 weeks of additional payments. The proposal from Mr. Reid last week, maintained in the latest GOP proposal, would scale that back to a maximum of 31 weeks.

The new GOP proposal would also repeal a piece of the recent bipartisan budget deal that saves $6 billion in federal revenue by decreasing annual cost-of-living adjustments for military retirees still of working age, lawmakers said.

A sticking point in the talks has been how to pay for the extended benefits and the military retirees change. To offset the cost, Republicans offered a tweak to a Democratic proposal to postpone for one year the expiration of across-the-board spending cuts, known as the sequester, that are currently scheduled to expire in 2023.

Republicans would keep the sequester's current expiration date, but increase the size of its cuts to just under 8%, from 6.3% now, said Sen. Dean Heller (R., Nev.), one of the negotiators. The proposed cuts would apply only to mandatory spending programs and would exclude Medicare providers and defense spending, according to a Senate GOP aide.

To find some additional savings, Republicans also looked to a proposal offered by Mr. Reid that would eliminate a kind of "double dipping" by reducing Social Security disability benefits to people if they are also collecting unemployment benefits.

It wasn't immediately clear Monday night how favorably the proposal would be received by Democrats.

Sen. Jack Reed (D., R.I.), who has been working with Mr. Heller on the issue, emphasized Democrats had already moved toward Republicans by agreeing to offset the measure's cost. Many Democrats would prefer to pass the extension without trimming the budget elsewhere.

"We haven't yet come to a meeting of minds, but we're working on it," Mr. Reed said on the Senate floor.

GOP lawmakers said an important component of their proposal would allow both Republicans and Democrats to each offer five amendments related to the legislation that would receive roll-call votes. Senate Minority Leader Mitch McConnell (R., Ky.) delivered an unusually long speech on the Senate floor last week, protesting that Democrats have recently boxed Republicans out of the legislative process by not allowing enough votes on GOP amendments.

Write to Kristina Peterson at kristina.peterson@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

January 13, 2014 20:25 ET (01:25 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
12 Sep
 
Man har forbarmet sig over mig - set at jeg kan opføre mig, som man bør   når uberettiget trend- ell..
62
15 Sep
VWS
  Her er lidt at tænke over for en enhver Vestas aktionær!   Den 6. nov. 2012 var der valgdag i USA ..
36
11 Sep
FING-B
EN SORT SORT DAG !!!!!   Dette er nok det værste jeg nogensinde har oplevet som aktieejer.   Først, ..
36
14 Sep
DLH
Den 105 år gamle historie om den tidligere storhandler af tropisk træ, Dalhoff, Larsen og Horneman, ..
23
12 Sep
 
Uha, nu trænger alpehue igen igen til opmærksomhed. Magen til barnagtig midaldrende selvudnævnt såka..
18
11 Sep
BIOPOR
  I fredags skete der noget interessant i US.  Astute Medicial fik godkendt deres NephroCheck (NC)af..
17
14 Sep
DLH
Udemærket opdatering på casen, Stockwatch. Et par kommentarer dog;   De laver et negativt EBIT på c..
13
11 Sep
FING-B
mine tanker og største respekt går til xo33, som det lykkedes plattenslager-debatørerne at få fjerne..
13
10 Sep
FING-B
Nu må alle kraknisserne lige klappe hesten. Det kan ikke være Fing's ansvar at en eller anden person..
13
15 Sep
FING-B
Så stop dog for pokker med alt det sædvanlige fnidder fnadder og forstå at dette debatforum stensikk..
10

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CLOSURE OF LOSS-MAKING ROUTE
2
Press release - Orange to launch a voluntary offer to buy the Spanish operator Jazztel
3
Orange to launch a voluntary offer to buy the Spanish operator Jazztel
4
LUCARA AWARDED TWO PRECIOUS STONE PROSPECTING LICENCES IN ORAPA DISTRICT
5
Ethan Allen Interiors at Telsey Advisory Group 5th Annual Fall Consumer Conference
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
16 September 2014 14:25:16
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140915.2 - EUROWEB5 - 2014-09-16 15:25:16 - 2014-09-16 14:25:16 - 1000 - Website: OKAY