TX needs Congress to act fast on jobless benefits - KLTV.com - Tyler, Longview, Jacksonville |ETX News

TX needs Congress to act fast on jobless benefits

WASHINGTON D.C. (KLTV) - A new report from the White House Council of Economic Advisers warns that failure by Congress to act on extending unemployment benefits, will take a serious toll on Texas residents.

If Congress fails to act, nearly seven million workers across the U.S., including 334,410 in Texas, will lose the financial assistance that allows them to keep food on their tables.

"Extending this support to those hardest hit by this crisis is not only the right thing to do, it's the right economic policy," said CEA Chairman Austan Goolsbee. "Letting millions more Americans fall into hardship will hurt our economy at this critical point in our recovery and immediately undermine consumer spending."

Failure to extend benefits could cost Texas 29,501 jobs by the end of 2011.

Jobless benefits are crucial, especially during the holiday season. The economic effects are great, as American families tend to spend more during the holiday season.

In December alone, two million Americans will lose their coverage if Congress fails to act, the report finds.

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