Nov. 5 (Bloomberg) -- Congress passed legislation expandingan $8,000 tax credit for first-time homebuyers, extendingunemployment benefits and providing tax refunds to money-losingcompanies.
The House approved the measure today on a 403-12 vote,sending it to President Barack Obama, who will sign it tomorrow,according to spokeswoman Jen Psaki. All 12 House members votingagainst the bill were Republicans. The Senate passed the bill98-0 yesterday after weeks of delays.
Just as the unemployment rate reached 10.2 percent, Congress has thrown a life preserver to those who have already exhausted their unemployment benefits: their unemployment checks will arrive for at least three and a half more months.
Congress gave final approval Thursday for an additional $24 billion to help the jobless and support the housing market as climbing unemployment poses a growing liability for elected officials. The bill.
WASHINGTON -Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper. First-time homebuyers have been getting tax credits of up.
Nov. 5 (Bloomberg) -- The U.S. House may vote as soon astoday on a $45 billion plan to expand a tax credit for first-time homebuyers, extend jobless benefits and provide tax refundsto money-losing companies.
Oct. 29 (Bloomberg) -- The Obama administration endorsedplans to extend an $8,000 tax credit for first-time homebuyers,saying it is helping stabilize the nation’s housing market. The tax break.
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