Transcript: Remarks by Sen. Jeanne Shaheen on the Senate bill to extend unemployment insurance benefits for 3 months

Partial transcript of remarks by Sen. Jeanne Shaheen (D-New Hampshire) on S. 1845, the Emergency Unemployment Compensation Extension Act. The press briefing was held on Jan. 7, 2014:

…It was very good news to see the 60 votes to go ahead and move forward to the bill. It’s good not just for the 1.3 million families who will benefit, but it’s also going to be good for the economy of the United States.

The Congressional Budget Office and numerous economists, including Mark Zandi, have indicated that this is one of the best things we can do to help keep the money in the economy to stimulate it. It’s a good way to spend public dollars to encourage private sector response and so this is good for families but it’s also going to be good for our economy. As we know, people who get unemployment insurance are going to spend those dollars. They’re not going to put them in the bank.

And as Sen. Reed said, as we think about how do we create jobs, this is one of the challenges that we have. So making sure that people can still go out and look for work, that those dollars can be used to buy gasoline, to pay for groceries, to help pay people’s rent is important because it keeps a lot of other people working in the economy.

So it’s very good news now. Serious negotiations have to start as we think about how we get this bill passed.


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