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President signs budget bill

WASHINGTON, D.C. (NEWSCHANNEL 3) - President Obama took time out of his vacation in Hawaii Thursday to sign a bipartisan budget bill, reducing the across-the-board spending cuts of the sequester.

The measure restores about $63 billion over two years, and includes another $85-billion in projected savings.

It also prevents another government shutdown for at least two years.

But, it does not address long-term unemployment benefits, which will expire Saturday.

More than 1.3 million unemployed Americans will be affected.

Taking a look at the impact in West Michigan, in Calhoun County, 578 people will stop getting unemployment checks. In Kalamazoo County, it affects more than 900. In Kent County, the number is well over 2,000.

White House economic advisors say Michigan will lose more than 8,400 jobs.

Some lawmakers are working on a bill for a three-month extension, but that will not be voted on till after the New Year.