Dept. of Labor
Unemployment Compensation Extension Act of 2010
Date:
July 22, 2010
Who:
Dept. of Labor
Maximum Amount:
$34.00 billion
Amount Spent:
$34.00 billion
Deficit Impact:
$34.00 billion This bill extends unemployment insurance benefits through November 2010 and makes them retroactive to June 2, when the benefits previously expired. It also eliminates the $25/week increase in benefits that was originally approved in the 2009 stimulus. The maximum number of weeks for collecting benefits is set at 99.
Source:
Notes:
The cost of this bill was not offset, since it was deemed emergency spending and therefore exempt from PAYGO rules. Thus, the amount spent and the deficit impact represent the total cost of the bill.
Continuing Extension Act of 2010
Date:
April 15, 2010
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$13.91 billion
Amount Spent:
$13.91 billion
Deficit Impact:
$13.91 billion The Continuing Extension Act of 2010 extended unemployment benefits for previously unemployed workers for an additional two months, extending the benefit until the beginning of June.
Notes:
None of the provisions of this bill were offset, as they were deemed "emergency" spending to lawmakers which exempts the bill from having to be offset under current PAYGO rules. Thus, the maximum amount and deficit impact reflect cumulative spending and reduced revenue over the 2010-2011 period.
Temporary Extensions Act of 2010
Date:
March 2, 2010
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$8.02 billion
Amount Spent:
$8.02 billion
Deficit Impact:
$8.02 billion As part of the Temporary Extension Act of 2010, unemployment benefits were extended for another month, raising the maximum number of eligible weeks in which unemployed workers can receive benefits up from 99 to 103.
Extended unemployment insurance benefits were originally passed as part of the American Recovery and Reinvestment Act.
Notes:
Other minor spending provisions were also included in the legislation. The deficit impact reflects the net change in the deficit from unemployment insurance.
Maximum amount reflects total increased outlays and reduced revenues for the provision over the 2010-2020 period.
Unemployment Insurance Extensions
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$69.64 billion
Amount Spent:
$69.64 billion
Deficit Impact:
$67.06 billion Several bills since November 2009 have extended the duration in which unemployed workers can receive unemloyment insurance benefits, originally extended as part of the American Recovery and Reinvestment Act. So far, lawmakers have extended unemployment benefits 3 times since ARRA was passed in February 2009, raising the maximum number of eligible weeks from 59 to over 99.
Source:
Notes:
Extended through Defense Appropriations Bill
Date:
December 24, 2009
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Action Type:
Direct Spending
Maximum Amount:
$11.30 billion
Amount Spent:
$11.30 billion
Deficit Impact:
$11.30 billion In the Department of Defense appropriations bill, an additional $13.6 billion in funding for unemployment insurance and benefits was included. The amendment included increased benefits and increased the number of weeks unemployed workers can be eligible for benefits by 20 weeks, from 79 to 99 weeks in the highest unemployment states. Unemployed workers are now eligible to receive 99 weeks of benefits beginning now through February 28, 2010.
Notes:
Estimates from CBO show a total cost of $11.3 billion for the increase in benefits.
Worker, Homeownership, and Business Assistance Act
Date:
November 6, 2009
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Other
Action Type:
Direct Spending
Maximum Amount:
$2.42 billion
Amount Spent:
$2.42 billion
Deficit Impact:
-$0.16 billion This provision would further extend unemployment benefits under the stimulus act, allowing 14 additional weeks of collections across the board. In high unemployment states, this measure will provide 14 extra weeks of benefits for all individuals but 20 for those in the high unemployment states, bringing the total number of weeks to receive unemployment benefits from 59 to 79.
Notes:
Maximum amount and amount spent reflect projected cost - which will be spent in 2010. Deficit impact based on CBO calculation of ten-year deficit impact (http://finance.senate.gov/sitepages/leg/LEG%202009/103009_CBO_Estimates.pdf).
Unemployment Trust Fund
Date:
August 7, 2009
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Action Type:
Direct Spending
Maximum Amount:
$7.50 billion
Amount Spent:
$7.50 billion The unemployment trust fund was a risk of running out of money in August 2009. The economic recession has fueled unemployment claims, depleting unemployment budgets in 18 states. With unemployment expected to remain high through the coming months, more states are expected to request loans from the federal unemployment trust fund. The law appropriates $7.5 billion to the unemployment trust fund.
Notes:
Amount spent reflects the total funds transferred into the unemployment trust fund, all of which the CBO expects the government to spend. Since the $7.5 billion addition by Congress from the general revenue of the Treasury to the trust fund is an intergovernmental transfer, the deficit impact is zero. Also, because states are required under law to cover all unemployment payments, those costs are already assumed under CBO's baseline projections. Thus, the $7.5 billion addition to the trust fund will not increase direct spending relative to the baseline.
Extended Unemployment Insurance
Date:
June 1, 2008
Who:
Dept. of Labor
Policy Area:
Fiscal Policy
Economic Target:
Consumers
Action Type:
Direct Spending
Maximum Amount:
$12.80 billion
Amount Spent:
$12.80 billion
Deficit Impact:
$8.50 billion Increase in funding for unemployment benefits and extension of emergency compensation through August 27, 2009.
Notes:
Actual cost unavailable, amounts based on 2009 CBO estimates of related bill (http://www.cbo.gov/ftpdocs/91xx/doc9148/hr5749.pdf). Amount spend and maximum amount based upon cost for 2008 and 2009, deficit impact represents ten year cost.
