Tax Credit, Unemployment Benefits Extension | featured news

Measure extends unemployment benefits, renew dozens of tax credits for businesses, individuals.

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....

Unemployed Americans are set to get up to 20 additional weeks of benefits, while new homebuyers' $8,000 tax credit will extend into next year, CNNMoney reports.

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.