Lawrence Summers: The Economic Case for Extending Unemployment Insurance

Lawrence Summers:

The Economic Case for Extending Unemployment Insurance: The lapse in extended unemployment insurance benefits at the end of May has resulted in 2.5 million jobless Americans exhausting their assistance.  If we do not reinstate benefits by the end of the month, this number will grow to 3.2 million.  These losses are exacting an enormous human toll on families who count on these benefits as they continue to search for jobs.

As the President recently remarked:&nbsp...