The fiscal deal continues the extended unemployment insurance benefits for the long-term unemployed for an additional year. In some hard-hit states, that coverage provided aid for up to 99 weeks. That coverage was due to expire Jan. 1 and would have caused jobless aid to expire after 26 weeks of state unemployment benefits. By one estimate, the new deal from Congress will keep some 2 million jobless from being cut off immediately and another 1 million from losing the aid early this year.
Mike Segar/Reuters/File
Job seekers stand in line to meet with prospective employers at a career fair in New York City in this October file photo. A new congressional deal preserves extended federal unemployment benefits for an additional year.