Obama on Fri to sign bill extending homebuyer aid

Thu Nov 5, 2009 8:16pm GMT
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WASHINGTON, Nov 5 (Reuters) - President Barack Obama on Friday will sign into law a congressional bill that will provide more aid to jobless workers and broaden tax breaks for homebuyers and businesses, the White House said on Thursday.

"This legislation builds on Recovery Act provisions aimed at spurring new job creation by providing an additional tax cut for struggling businesses, offering up to 20 additional weeks of unemployment relief and stabilizing the housing market with a one-time extension of the $8,000 Homebuyer Tax Credit," the White House said in a statement.

 
 
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