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Reid Hopes for Wednesday Vote on Jobless Benefits

Democratic leaders in the Senate were trying Tuesday night to persuade Republicans to agree to a vote Wednesday on a newly introduced bill on unemployment benefits and a homebuyer tax credit, according to a Democratic leadership aide.

Majority Leader Harry Reid (D-Nev.) and Finance Chairman Max Baucus (D-Mont.) introduced the legislation Tuesday evening. It would reinstate expanded insurance benefits for the unemployed, which expired at the end of May, and give more time to consumers to close on a home purchase in order to benefit from a homebuyer tax credit.

The legislation is being offered as a substitute amendment to a larger package aimed at creating jobs and providing tax cuts that has stalled on the Senate floor.

“These common-sense solutions to help millions of Americans deserve bipartisan support and should be passed swiftly,” Reid said.

Democrats also left open the possibility of holding the vote Thursday, the Democratic leadership aide said.

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