Dr. Akande: Unemployment benefits extension – pros and cons

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(KTVI) - Long term unemployment benefits created during the recession were cut off this month to about 12,000 in the St. Louis area and 1.3 million nationwide.

They were cut off because Congress agreed to a deal that funded the government, but excluded an extension to jobless benefits. But on Tuesday, the Senate gave approval to bring it back for another 3 months at a cost of $6.4 billion.

Dr. Benjamin Akande, Dean of Webster University's Walker School of Business, talks about the pros and cons of extending unemployment benefits.