Administration To Decide On Home Tax Credit Within 2 Weeks
By Jessica Holzer, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- A senior official said the Obama Administration will decide within a couple of weeks whether to back an extension of the $8,000 first-time home-buyer tax credit, which is set to expire Nov. 30.
The administration feels the urgency to make a decision soon but also wants to assess the costs of the tax credit before acting, Department of Housing and Urban Development Secretary Shaun Donovan told a U.S. Senate panel Tuesday.
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