House Votes to Extend Jobless Benefits

No need to rush out for looking for a job, just hang around the house, surf the net, check out EPJ a few times a day.

The House has approved a bill that will extend unemployment benefits for up to another 20 weeks to nearly 2 million people who have lost or are in danger of exhausting unemployment benefits.

The bill, which is now headed to the President for signing, also extends and expands the homebuyers tax credit. Under the new measure, the $8,000 tax credit for first-time homebuyers would be extended for seven months and expanded with a $6,500 credit for some prospective homebuyers who already own homes.

There has been no comment from anyone in Congress re the drain in money from the economy that will occur as a result of the money needed to pay the unemployment benefits.