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President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery....
The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling US economy.
The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the US economy.
The number of U.S. workers filing new claims for jobless insurance hit a nine-month low last week and retailers reported their first monthly sales gain in over a year on Thursday, easing fears that recovery from recession would be unsustainable.
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs are continuing to ease in the earliest stages of an economic recovery.
Jobless Americans in high-unemployment states would see their benefits extended for another 13 weeks under legislation to be considered by Congress next Wednesday.
In the coming months, as many as 1.5 million jobless Americans will exhaust their unemployment insurance benefits — for some a last bulwark against foreclosure and destitution.