Items Tagged with 'Climate crisis'

ARTICLES

  • Treasury Spends $309m to Jump-Start Affordable Housing

    The US Treasury Department is providing $309m to fund affordable housing projects stalled by the dearth of investment capital in today’s marketplace. The money — the latest of six similar payouts from $3bn in American Recovery and Reinvestment Act funds — will be divided among seven states: Arizona, Connecticut, North Carolina, North Dakota, Pennsylvania, South Carolina, and Vermont. The money will be used to fund affordable housing projects that already received state tax credits, but haven’t been completed because equity investors could not be found.
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  • Expanded First-Time Homebuyer Credit Available

    The Treasury Department on Wednesday announced the availability of an expanded tax credit for first-time home buyers as part of the Obama Administration's affordability initiatives. The financial stimulus package -- the American Recovery and Reinvestment Act of 2009 -- includes a provision that will make up to $8,000 available to qualifying taxpayers that buy homes in 2009.
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  • Stimulus Becomes Law

    President Barack Obama on Tuesday signed into law the American Recovery and Reinvestment Act in Denver, Colo. "What I am signing is a balanced plan with a mix of tax cuts and investments," he said in his pre-signing remarks. "It is a plan that’s been put together without earmarks or the usual pork barrel spending. And it is a plan that will be implemented with an unprecedented level of transparency and accountability."
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  • Negotiators Reach Deal on $789B Stimulus Bill

    Wasting no time, key lawmakers announced Wednesday afternoon they had reached an agreement on a $789 billion stimulus bill, which could land on President Barack Obama's desk by the end of the week. The final agreement is budgeted at about $50 billion less than the one attached to the measure passed by the Senate Tuesday.  Senate Majority Leader Harry Reid said the final agreement "creates more jobs than the original Senate bill and costs less than the original House bill."
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  • Negotiations in High Gear After Senate Passes Stimulus Bill

    After the Senate voted 61-37 Tuesday afternoon to approve its $838 billion version of President Obama's economic stimulus bill, House-Senate negotiations were immediately underway -- stretching late into Tuesday night -- and there now appears to be a deal in the works to finalize the legislation. Negotiators are expected to emerge from closed-door meetings later Wednesday and gather in a public session to sign off on a compromise bill, tentatively holding a price tag of $790 billion, that would then be sent to the full House and Senate for final approval.
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  • $15,000 Home Buyer Credit Joins Senate Stimulus Bill

    The Senate on Wednesday passed a home buyer tax credit provision in its version of the financial stimulus bill. The provision will allow a tax credit of 10 percent of the value of a new or existing residence -- up to $15,000 -- an increase from the current $7,500 tax break for new home purchases. The provision will cost $18.5 billion and brings the total price tag of the bill to over more than $900 billion.
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  • Sunnier Days Ahead for Remodeling Industry: Report

    As the ailing economy tightens homeowners' wallets, for most, now isn't the time to make-over the kitchen, install new wood floors or even replace those chipped baseboards. That fresh paint job just might have to wait, and those out-dated fixtures in the bathroom, well, what's another couple years? As a result of the downturn in home improvements, the remodeling industry has hit a near standstill, similar to what we've seen in home building.
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  • $819 Billion Stimulus Passes House Vote

    The House of Representatives on Wednesday passed its $819 billion version of the economic stimulus package in a 244 to 188 vote. The bill passed with support from all but 11 House Democrats; no Republicans voted in favor of it. Some of the major provisions within the bill include various tax cuts -- for tuition, business expenditure and renewable energy -- as well as a hefty list of spending programs aimed to "preserve and create jobs and promote economic recovery," according to the bill's language.
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  • Economic Stimulus Bill Makes Headway

    The $825 billion stimulus bill -- championed by the Obama administration -- made its way Tuesday through the U.S. Senate Appropriations Committee, where the Committee approved a $365 billion portion of the bill. President Barack Obama has been urging lawmakers for a speedy passage of the bill. Congress must not delay in efforts to restart the economy and put people back to work he told a group of business leaders Tuesday.
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