Fight Back! News

News and Views from the People's Struggle

Capitalism and Economy

By Kas Schwerdtfeger

Republicans, Democrats Miss the Mark on Inequality

Milwaukee, WI – As soon as President Obama's State of the Union address was over, debates around the speech's central theme of wealth inequality were distributed in carefully packaged arguments to all who would listen.

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By staff

Washington, DC – Another day has passed without the Senate taking action on Extended Unemployment Compensation (EUC) benefits. While Senators met Jan. 24, no agreements were reached on legislation to address the situation of the 1.3 million workers who have been cut off from benefits for the long term unemployed.

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By staff

Washington, DC – Attempts to restore Extended Unemployment Compensation (EUC) benefits stalled in the Senate, Jan. 14, when Republicans and Democrats clashed over what austerity measures and budget cuts would be linked to the proposed extension. Observers believe it is unlikely that any action on benefits for the long-term unemployed will take place before the end of the month.

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By staff

Washington, DC – In a 60-37 vote, the Senate passed a procedural measure Jan. 7 that allows a bill to restore Extended Unemployment Compensation (EUC) benefits to move forward.

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By Masao Suzuki

Federal Extended Unemployment Compensation (EUC) benefits expire as Republicans block vote

San José, CA – While people around the world are celebrating the New Year, 1.3 million long-term unemployed Americans will be facing an immediate cut-off of their Federal Extended Unemployment Compensation (EUC) benefits. In addition, an estimated 1.9 million unemployed workers will lose their benefits as their six months of state Unemployment Insurance (UI) runs out in the first half of 2014. These cuts came about as Republicans in both the House and Senate opposed votes to extend the benefits.

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By Masao Suzuki

San José, CA – The Extended Unemployment Compensation (EUC) program, which provides federal aid to jobless workers whose state Unemployment Insurance (UI) benefits have run out will expire at the end of 2013. This will cut off 1.3 million unemployed people immediately. Another 800,000 jobless workers who would have qualified for EUC won’t be able to extend their benefits in the first three months of 2014.

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By Masao Suzuki

Another step toward first U.S. debt crisis in history

San José, CA – Today, Oct. 15, right-wing Republicans in the House of Representatives stopped the House Republican leadership from trying to pass a compromise measure to re-open the federal government and raise its debt ceiling. This marks another step towards the first U.S. debt crisis in history.

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By Masao Suzuki

San José, CA – Four years after the Great Recession of 2007-2009 officially ended, millions of working people are being left behind by the expansion of the economy. While the stock market and corporate profits reached new highs, there are still millions of fewer jobs than before the recession began, and the official unemployment rate is closer to its recession high than the low before the recession. Things are bad.

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By Masao Suzuki

San José, CA – At midnight on Oct. 1, the federal government began a partial shutdown. Later that morning, hundreds of thousands of federal workers showed up to wind up work – putting up closed signs at national parks and monuments across the country and updating web pages saying that many functions were no longer available. Then they went home for an indefinite furlough without pay.

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By Masao Suzuki

San José, CA — On Sept. 29, the House Republicans passed a temporary spending bill for ten weeks, starting Oct. 1 if the Affordable Care Act (often called Obamacare) is delayed for a year. With the Democrat-controlled Senate already having turned down similar measures and a veto promise from President Obama, the federal government is headed for its first shut down since 1996.

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