Will Congress Help Homebuyers?
An $8,000 tax credit for new home buyers will expire in a few weeks unless Congress extends it. One thing that could draw the attention of lawmakers back to the credit: Home sales dipped in August, the first drop after several months of steady improvement. Lawmakers have generally been in favor of the program, and several bills have been introduced to extend it past the Nov. 30 deadline. Senate Majority Leader Harry Reid, D-Nev., has endorsed a bill that would extend the program into June. But the Senate committee responsible for moving the bill along hasn't schedule a hearing yet because it's been busy with the health care bill.
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Three provisions of the PATRIOT Act are sceduled to expire at the end of the year. President Barack Obama wants Congress to renew them.
Some Democrats, led by Sen. Russ Feingold of Wisconsin, want to use the renewal as an opportunity to make broader changes in the law because they think it gives the government too much power to snoop.
Proponents of the PATRIOT Act, including many Republicans and the head of the FBI, say the law gives law enforcement much-needed flexibility to track terrorist activity in the U.S.
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