Senate Fails to Extend Benefits for Long-Term Unemployed

Inauguration-today 030.jpg?__SQUARESPACE_CACHEVERSION=1389736797361ABC News (WASHINGTON) -- The Senate has failed to extend benefits for more than 1.3 million long-term unemployed Americans. Senate Majority Leader Harry Reid effectively declared the matter dead – for now, at least – because an agreement couldn’t be reached on how to pay for the insurance.

A series of procedural votes – and back-and-forth with Republicans and Democrats – failed to win the 60 votes needed to support the measure.

“It is extremely urgent that we act and today we failed to act,” said Sen. Jack Reed, a Rhode Island Democrat who has been pushing for an extension of the benefits that expired last year.

The issue could be revisited at some point down the road.

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