Just 28 Republicans voted for the last debt-limit hike in February 2014, when nearly all Democrats helped it pass in a tight 221-201 vote. Nine of those 28 Republicans are no longer in Congress, raising the question of whether a similar measure could pass this time.
Identification. COBRA stands for Consolidated Omnibus Budget Reconciliation Act. It was passed by Congress in 1985 as a means for individuals to continue health insurance coverage for a period of time after losing group coverage due to termination of employment.
Enacted in 1986, COBRA is a complex law that requires employers to make group health insurance benefits available to all laid-off or voluntarily-terminated employees for at least 18 months from their termination date. Once you leave your job, you can wait up to 60 days before electing to receive COBRA benefits.