President Bush Extends Jobless Benefits

Right before leaving for his trip to Peru for the Asia-Pacific Economic Cooperation forum, President Bush signed an extension of jobless benefits that will allow "millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach," according to the AP. Bush warmed up to the idea of extending benefits as the economy continued to sour and jobless claims kept growing. The House had passed the bill in October and the Senate passed it yesterday; then it had to be rushed to the White House for Bush to approve. House Speaker Nancy Pelosi said, "With more Americans filing jobless claims than at any time since the 1992, the Senate's passage of the House's unemployment insurance extension legislation will help speed relief to more than 2 million workers who continue to search for new jobs in these difficult economic times." AP graph of jobless claims for the past 13 months