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Jobless Benefits To Be Extended

Bill Would Also Extend Homebuyers Tax Credit

POSTED: Thursday, November 5, 2009

UPDATED: 8:10 am EST November 6, 2009

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WASHINGTON -- Relief is coming for unemployed people whose benefits were set to run out soon.

The White House says President Barack Obama will sign a $24 billion economic package Friday which extends employment benefits for up to 20 weeks.

The bill also extends an $8,000 tax credit for first-time home buyers for seven months.

Some home buyers who already own houses will be eligible for a $6,500 credit.

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