About 43,000 people in Connecticut who receive unemployment benefits from the federal government are in danger of losing them if Congress goes over the fiscal cliff.
If Congress does not reauthorize the program, those who receive the federal unemployment benefits -- those on top of what the state gives -- could lose them by Saturday, Dec. 29, according to a report by Connecticut News Junkie.
Connecticut gives six months of unemployment insurance, and the federal government kicks in money to fund an emergency extension of benefits when the economy is experiencing times of slow job growth, News Junkie reports. It would cost $30 billion to keep the program going.
The loss of federal money could affect thousands of people right here in Stratford. There were , according to statistics provided by the state Department of Labor. That equates to a 9 percent unemployment rate for the town.
The unemployment benefit loss is one of the major ways in which Connecticut would be affected if Congress goes over the fiscal cliff. President Obama is currently working with members of Congress in an attempt to find a solution.
Read the complete CT News Junkie article.
