COBRA, unemployment benefits extended for two more months

Congress extends COBRA, jobless benefits
Congress extends COBRA, jobless benefits

It shouldn't take long for unemployment and COBRA benefits to start flowing again, following President Obama's signature Thursday night on a two-month extension of unemployment benefits.

Benefits ran out for some unemployed workers April 5 after Republicans held up a vote on an extension just before legislators headed to the hinterlands for a two-week Easter recess.

The National Employment Law Project estimated that beginning April 5, about 214,000 unemployed people a week lost benefits prematurely because of Congress' failure to act.

That was all resolved -- at least temporarily -- Thursday. The House took the final vote on the extension Thursday evening and later that night the President signed it.