Democratic Senators have recently unveiled a $150 billion bill that is attempting to push back the deadline to file for unemployment insurance until year-end. Moreover, the bill is also trying to extend dozens of expiring corporate and personal tax credits.

Federal unemployment benefits came into picture after the basic state-funded 26 weeks of coverage expired. These federal benefits, worth up to 73 weeks, are divided into tiers, and the jobless are expected to apply each time they move into a new tier.

If this bill gets an approval, nearly 5 million people will be benefited from the same and will be able to survive on the income that they have banking on for a long time now. It is estimated that 11.5 million people currently depend on jobless benefits for their survival and nearly one in 10 Americans are out of work and a record 41.2% have been unemployed for at least six months now.

However, it was last week that the Senate failed in approving a 30-day extension of the filing deadline, which expired Feb. 28, as one Republican Senator objected to it. As a result, roughly around one million people are set to lose their federal unemployment benefits this month.