Obama to sign bill extending homebuyers credit

(AP) - The White House says President Barack Obama onFriday morning will sign a bill that expands a popular homebuyerstax credit and extends unemployment benefits. Congress on Thursday completed work

News 12 Staff

Nov 5, 2009, 11:48 PM

Updated 5,549 days ago

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(AP) - The White House says President Barack Obama onFriday morning will sign a bill that expands a popular homebuyerstax credit and extends unemployment benefits.
Congress on Thursday completed work on the $24 billion economicpackage that seeks to help out the millions who have lost jobs andhave been unable to rejoin the workforce. The White House announcedObama's intention to sign the bill shortly after Congress finishedthe legislation.
Under the measure, an $8,000 tax credit for first-timehomebuyers would be extended for seven months and expanded with a$6,500 credit for some prospective homebuyers who already ownhomes.