President Obama's housing secretary tells a Senate committee that the administration wants to see cost data before backing any extension of the credit.
NEW YORK (CNNMoney.com) -- While momentum is building on Capitol Hill to extend the $8,000 first-time homebuyer credit, President Obama's housing secretary said Tuesday the administration has not decided whether to support its expansion.
Housing Secretary Shaun Donovan told the Senate Banking Committee that the administration wanted more time to better assess the cost of the credit, which expires on Nov. 30.
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Friday, October 23, 2009
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