Unemployment Benefits Extension Passes Senate

NEW YORK (MainStreet) — In an unexpected move earlier today, the Senate voted to close debate on a bill that would extend unemployment benefits for long term jobless by up to three more months.

The Emergency Unemployment Compensation Extension Act provides states with the money necessary to extend their unemployment insurance past the traditional 27 week cutoff. Congress authorized the emergency funding in the wake of 2008's financial crisis, and renewed it annually until last month when lawmakers allowed the program to lapse. The current bill would resume that funding, although individual states can take as much or as little of the money as they please.

The cloture vote came as a surprise to most onlookers, who expected Republicans to remain united behind opposition to the bill. After last minute efforts by both Congressional Democrats and the White House, however, six Republicans joined with Democrats to close debate in a 60-37 vote. No Democrats voted against the extension, while all but two of the remaining Republicans did.

Today's vote only avoided a filibuster on the unemployment extension. The Senate will next have to pass a final version of its bill and send it to the House. Leadership hopes to hold the vote by the end of this week after possibly adding measures to pay for the law's $6.5 billion price tag.

President Barack Obama has thrown his support behind the legislation, saying that allowing unemployment insurance to lapse in a time of high unemployment "is wrong" and calling on Congress "to make things right."

If the Senate does pass a final version of this bill, it will next face a steep uphill battle with a Republican majority in the House. Majority Leader John Boehner has said that, while he is willing to consider extending the canceled program, any bill would have to include spending cuts to offset its cost. This is similar to the position of Senate Republicans. The current Democratic version does not include any mechanisms to pay for itself.