US Senate poised to adopt jobless, housing aid
* Senate poised to act after weeks of delay
* Would extend jobless benefits for those who use them up
* Expands homebuyers credit, lets businesses deduct more
By Andy Sullivan
WASHINGTON, Nov 4 (Reuters) - The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the U.S. economy.
After weeks of partisan bickering, the Senate was set to hold a final procedural vote, clearing the way for final passage on Wednesday or Thursday. The House of Representatives is expected to approve it quickly and send it to President Barack Obama to sign into law.
Democrats who control Congress are under pressure to get the economy moving before the November 2010 congressional elections. But they have been reluctant to assemble another massive stimulus package after February's $787 billion measure, fearing a voter backlash over record budget deficits.
Instead, they have opted for a smaller, budget-neutral package that broadens several existing measures.
The bill would give an additional 14 weeks of unemployment benefits to jobless workers. Those in high-unemployment states would get six weeks on top of that. Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK







