Senate Finance Committee On Unemployment Today 04/14/2010

Watch what happened during the committee here: http://finance.senate.gov/hearings/watch/?id=868a8e37-5056-a032-5297-a991437cea80

Senate Finance Committee Chairman Max Baucus (D-Mont.) convened a hearing today to explore opportunities for creating jobs through the Federal Unemployment Insurance program. Baucus examined the effectiveness of new programs for Americans receiving unemployment insurance that would give employers new resources to create jobs, work-share programs that help employers save jobs and self-employment programs that provide assistance to entrepreneurs who create their own jobs.

“For millions of Americans, the unemployment insurance system provides a vital safety net, but these unemployed Americans want more than an unemployment check – they want to be back at work,” Baucus said. “So let’s look for ways our unemployment insurance program can be new, innovative and common-sense. Let’s take a focused look at how our unemployment insurance system can provide more than safety-net support, but can also save jobs and create new jobs right away.”

There were no clear indications about a Tier 5 unemployment extension; however, the need for better solutions to the unemployment crisis was discussed. More information will be posted as it is known.

Source: http://finance.senate.gov/hearings/hearing/?id=868a8e37-5056-a032-5297-a991437cea80