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Obama to sign bill extending home buyers credit, unemployment benefits
Thursday, November 05, 2009

WASHINGTON -- The White House says President Barack Obama tomorrow morning will sign a bill that expands a popular home buyers 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 home buyers would be extended for seven months and expanded with a $6,500 credit for some prospective home buyers who already own homes.

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First published on November 5, 2009 at 3:11 pm