Reid, Baucus unveil new $150B jobs bill

By Ben Pershing
Even as a short-term package of aid to the unemployed remains stalled in the Senate, Democratic leaders unveiled the latest piece of their jobs agenda Monday — $150 billion worth of extensions to expiring federal programs and tax breaks.

Sen. Jim Bunning (R-Ky.) objected again Monday to Democrats’ efforts to move one-month extensions of unemployment insurance, COBRA health benefits and federal highway funding, insisting that the $10 billion measure be offset with spending cuts or a diversion of unspent funds from the Troubled Asset Relief Program. Bunning’s standoff with Democrats has been ongoing since Thursday, and many of the programs in question expired Monday morning. Democrats have been lambasting Bunning for the resulting halt in unemployment benefits and construction on highway projects.

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