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
