“The legislation, recognizing the lingering distresses of the recession, passed the Senate Wednesday on a 98-0 vote and could come up in the House as early as Thursday, sending it to President Barack Obama for his signature.
“It would also extend for seven months an $8,000 tax credit for first-time homebuyers that was enacted as part of the $787 billion stimulus package passed last February and is set to expire at the end of this month. The program would be expanded with a $6,500 credit for homebuyers who have lived in their current residences for five years.”
See the complete article in The Washington Times
