The Presidential Planner

Nov 6, 2009 7:31am

ABC News' Sunlen Miller reports: President Obama will formally sign into law the “Worker, Homeownership, and Business Assistance Act of 2009,” in the Oval Office this morning. Passed by the House and Senate this week, the law will extend unemployment benefits by 20 weeks in states hardest hit by the economic downturn and by 14 weeks everywhere else. It also extends an $8,000 first-time home buyers tax credit to homes placed under contract by the end of next April. People who have lived in their current house for five years and want to buy a new house will be newly eligible for a $6,500 tax credit, ABC’s Z. Byron Wolf reports. The legislation had an uphill climb, after more than a month-long delay on the Hill. In the afternoon President Obama will make his first visit as president to Walter Reed Medical Center in Washington, D.C. to visit US soldiers receiving care. More from Jake Tapper here . Mr. Obama last visited Walter Reed on Martin Luther King Jr. Day on the eve of his inauguration. After returning to the White House Mr. Obama will sit down with Congressman-Elect Bill Owens in the Oval Office. The Democratic victory in the New York 23rd congressional district on Tuesday was the one of few results of Tuesday’s off-year elections the White House touted, saying they were “heartened” by the results. Owens is the first democrat to win in the region since 1857. The President will also meet with Secretary of State Hillary Clinton in the Oval Office. -Sunlen Miller

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