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A "Economics" Category Item

Wednesday, October 28, 2009

Congress fears risk of economic relapse
By Offsite on 10/28

Fear that the economy might fall back into recession is compelling Congress to extend unemployment benefits and incentives for homebuying that lawmakers hope will help sustain growth.

The threat of a relapse in housing has prompted Senate leaders to start negotiating an extension of the first-time homebuyers’ tax credit, now set to expire Nov. 30. They hope to attach the measure to legislation extending soon-to-expire unemployment benefits and then pass both by the end of the week. Full Piece

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