Senate Extends Jobless, Homebuyer Benefits

Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly Wednesday to provide the jobless with up to 20 weeks in additional unemployment benefits and expand a first-time homebuyer tax credit to include a far larger pool of people entering the dormant housing market.

The $24 billion bill, passed 98-0, also provides tax relief for struggling businesses. It comes to the rescue of more than 1 million out-of-work people who will run out of benefits by the end of the year. Everyone will receive 14 weeks of additional benefits, while those in states with unemployment rates of 8.5 percent and above get six weeks on top of that.

Read the whole story on CBS News or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • Geithner says need to keep stimulus on

    Nov 7th, 2009 - Reuters

    Geithner says need to keep stimulus onST ANDREWS, Scotland (Reuters) - U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.

  • Police: Fla. shooting suspect was angry at company

    Nov 7th, 2009 - Washington Post

    ORLANDO, Fla. -- Employees at an engineering firm recognized their former co-worker when he drew a handgun from under his shirt, police said, and shot his first victim dead in the reception area...

  • States with jobless rates of 8.5 percent and above

    Nov 4th, 2009 - Boston

    Legislation passed by the Senate Wednesday would extend unemployment insurance benefits by 14 weeks for jobless people in all states that have exhausted their benefits...

  • Senate acts to extend aid for jobless, homebuyers

    Nov 4th, 2009 - Houston Chronicle

    Senate acts to extend aid for jobless, homebuyersWASHINGTON — Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly Wednesday to provide the jobless with up to 20 weeks...

  • Senate throws a lifeline to the jobless

    Nov 4th, 2009 - CNNMoney

    NEW YORK (CNNMoney.com) -- After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit.

More stories ...

Related videos from YouTube:

More videos ...

Google Search: