Many to lose unemployement benefits
WATERTOWN--More than one million Americans on unemployment benefits will lose them Saturday.
Mark Lisius of Watertown has been trying to find work for 9 months. He hoped his unemployment benefits would hold on long enough for him to find a job that could help him provide for his family. Saturday, those benefits disappear and without a job soon, he's afraid his house will, too, because the money to take care of his family is running out.
"Used up our credit cards and looking at the alternative of filing bankruptcy again which we did 8 or 9 years ago," said Lisius.
Mark is one of more than a million Americans whose unemployment checks will stop coming after President Obama signed a budget that didn't extend long-term benefits. The President wanted them, but they didn't get through Congress. In Wisconsin, that means nearly 24,000 people will lose benefits immediately and another 42,000 will lose them in the first half of the year.
"They say that unemployment is subsiding and everything but there's a lot of people out there that don't see it," said Lisius.
Senate Majority Leader Harry Reid says this will be a top issue when the Senate convenes on January 6th. They're expected to vote very quickly on a three month extension.