Obama to sign homebuyer, jobless bill assistance
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Posted: 8:51 AM Nov 6, 2009
Obama to sign homebuyer, jobless bill assistance
Longtime jobless people and prospective homebuyers will be the main beneficiaries when President Barack Obama signs a $24 billion economic stimulus bill today.
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WASHINGTON (AP) - Longtime jobless people and prospective homebuyers will be the main beneficiaries when President Barack Obama signs a $24 billion economic stimulus bill today.

The White House signing ceremony comes a day after the House voted 403-12 for the measure. The Senate approved it unanimously on Wednesday.

The bill also includes tax cuts for struggling businesses.

Lawmakers note that initial signs of economic recovery have not been reflected in the job market.

The bill would provide another 14 weeks of benefits to all out-of-work people and an additional six weeks in states where the jobless rate is 8.5 percent or above.

The bill extends the popular $8,000 credit for first-time homebuyers until June and adds a $6,500 credit for existing homeowners who buy a new place after five years in their current residence.


Latest Comments

Posted by: Coal miner on Nov 10, 2009 at 09:03 AM

You guys, from Frankfort & Lexington need to realize that the Obama admin. is taking our jobs in eastern KY. He has turned the EPA into his agenda police. THe way to fix this mess is to create jobs, not take them away.
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Posted by: Nathan on Nov 9, 2009 at 11:08 PM

Republicians and Tax breaks? HA, yeah for rich people not the working people.
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Posted by: steve Location: irvine on Nov 9, 2009 at 07:20 PM

Thank god for you Obama and Pelosi you just destroyed the democrat party Heehaw!
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