Warning that more than 2 million Americans are poised to lose their long-term unemployment insurance, some Democrats are calling on Congress to extend the “economic lifeline” before it expires next month.
Some Republicans, though, are demanding that an extension of jobless benefits—and any other form of new spending—be offset through savings or spending reductions elsewhere in the federal budget.
In a letter to party leaders last week, Sen. Jeff Sessions said that extending the unemployment benefits another year carries a $26 billion price tag.
Couple that with the cost of keeping the 2 percent payroll tax cut on the books and averting a cut in payments to doctors who treat Medicare patients and the Alabama Republican said that the bill for new spending rises to nearly $130 billion. …
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