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Latest Business News

Obama signs bill assisting homebuyers, jobless

Friday, November 06, 2009 5:56:36 PM
By JIM ABRAMS

Graphic shows the rate of unemployment benefit extension exhaustions, by state, per 1,000 populationWASHINGTON (AP) - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

The bill-signing came a day after the House, displaying rare bipartisan agreement over the troubling employment picture nationally, voted 403-12 to pass the measure. The Senate had approved it unanimously on Wednesday.

The White House said the law, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February to avert an economic meltdown.


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