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Transcripts for CNN CNN Newsroom 20140106 15:53:00

the brutality of kim s regime. pope francis celebrated the epiphany at the vatican marking the wise men s visitation of jesus. he announced sunday he will be traveling to the holy land in may. as congress returns to work, the white house is calling on lawmakers to extend emergency unemployment benefits for thousands of americans. extending benefits comes with a cost. cnn s chief business correspondent, christine romans, is live with that side of the story. good morning. the cost is about $26 billion. in washington, if you want to spend $26 billion for what is supposed to be an emergency program, you are going to have to find ways to pay for it, at least what the republicans are saying. these 1.3 million at the end of the year started losing benefits, $300 a week. these aren t the state benefits. this is the emergency recessionary program that is prolonged benefits, up to 99 weeks of unemployment benefits.

Transcripts for CNN CNN Newsroom 20140106 15:55:00

makes sense. the job market is slowly getting better. the long-term unemployed, things have not gotten better for them. i think that the betting on wall street in washington is that they will somehow come up with a way to extend those benefits, carol. it won t go on forever. definitely, that emergency program will be done by the end of the year, carol. christine romans, reporting live. thank you so much. still to come in the newsroom, college football crowns a champion tonight. the bcs is going out with a bang, rachel nichols. all about it coming up after this break. [ male announcer ] to truck guys, the truck is everything. and when you put them in charge of making an unbeatable truck, good things happen. this is the ram 1500. the 2014 motor trend truck of the year.

Transcripts for CNN CNN Newsroom 20140106 15:49:00

fascinating, jeffrey toobin, thanks so much. still to come in the newsroom, you could call it the battle over benefits. congress and the white house getting ready to face off overextending unemployment insurance. kris christine romans is in new york. the checks are about $300 a week and the fight still heating up. that will be the big battle for the week. i ll have that right after the break. so you can get out of your element. so you can explore a new frontier and a different discipline. get two times the points on travel and dining at restaurants from chase sapphire preferred. so you can be inspired by great food once again. chase sapphire preferred. so you can.

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