The House passed an unemployment and COBRA extension on Wednesday, and the Senate followed course, passing it this morning.
NEW YORK (CNNMoney.com) -- Jobless Americans will soon get two more months to file for unemployment benefits and the COBRA health coverage subsidy, under a bill passed by the Senate early Saturday morning.
The measure, which was approved by the House on Wednesday, would extend the filing deadline through the end of February. The president is expected to sign the legislation soon.
Without the legislation, one million jobless Americans will lose their benefits in January. As it stands now, the deadline to apply for federally paid unemployment benefits and for the 65% insurance subsidy is Dec. 31.
The House had included the COBRA extension in its HCR bill, in hopes that the Senate would actually complete action on their effort by the end of the year. Thankfully, that vital coverage for millions of unemployed Americans won't now be expiring in two weeks.