Bloomberg by the Numbers: $6.6 Billion

Photograph by Ty Wright/Bloomberg

Job applicants at the Columbus Career Fair in Ohio, on Dec. 5, 2013

That’s the cost in fiscal 2014 of a bipartisan Senate proposal that would extend federal unemployment benefits for three months.

The figure comes from a Congressional Budget Office document Dec. 31 that analyzes the budgetary effects of S. 1845, sponsored by Rhode Island Democrat Jack Reed and Nevada Republican Dean Heller.

Under the bill, the restoration of jobless benefits “would be retroactive to Dec. 28, when the extra assistance beyond the normal 26 weeks expired in most states,” Danielle Parnass wrote in this BGOV Bill Summary analyzing the legislation.

Democrats including President Barack Obama support the legislation. The president called Reed and Heller on Dec. 27 to express support for their jobless benefits bill, which the Senate is expected to take up on Jan. 6. Many Republicans say there should be offsetting spending cuts. The impasse ended benefits for 1.3 million Americans.

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