Obama to sign bill extending homebuyers credit

Submitted by The Associated Press on Thu, 11/05/2009 - 15:55

WASHINGTON -- The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits.

Congress today completed work on the $24 billion economic package that seeks to help out the millions who have lost jobs and have been unable to rejoin the work force. The White House announced Obama's intention to sign the bill shortly after Congress finished the legislation.

Under the measure, an $8,000 tax credit for first-time homebuyers would be extended for seven months and expanded with a $6,500 credit for some prospective homebuyers who already own homes.

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This could help, though I

Submitted by Rick Wong on Thu, 11/05/2009 - 16:13.

This could help, though I don't know about giving up another 6500 for those already in the program.