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MinnEcon Blog
Paul Tosto

Jobless aid, housing credit extensions today

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President Obama today signs into law a bill that extends jobless benefits and also gives potential homeowners another crack at a tax credit.

In Minnesota, it means as many as 14 more weeks of jobless aid to people who've exhausted state and federal benefits. That'll be good news to a lot of people.

It comes on the same day as the release of national unemployment data for October.

The bill also extends the federal first-time homebuyer tax credit through April 30. It was set to expire at the end of the month. And it adds a $6,500 credit to existing homeowners looking to buy another house as their main residence. The homebuilders are digging it.

If you have a stake in the bill today -- as a homebuyer, taxpayer, small business owner, unemployed worker -- post below or contact me directly and let me know what it means for you.