Senate passes bill on jobless benefits, homebuyers' credit

11/5/2009 | Reuters

The U.S. Senate passed a bill to extend unemployment benefits and the first-time homebuyers' tax credit. The bill would allow those already on benefits to receive them for an additional 14 weeks. Those in high-unemployment states would get 20 weeks. The $8,000 homebuyers' credit would be extended for six months, and a $6,500 credit would be available to homeowners who have lived in their house for at least five years and are moving.

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