The popular tax credit, which has helped lift the housing market out of its worst slump since the Great Depression, is set to expire on November 30.

Dodd and Isakson want to extend the credit through June of next year and broaden it to anyone buying a primary residence, not just first-time buyers.

Senate Majority Leader Harry Reid had backed a narrower version which would extend the full credit through March and gradually phase it out through the end of 2010.

Dodd said that the deal would merge the two proposals.

http://www.reuters.com/article/politicsNews/idUSTRE59Q4DR20091027?feedType=RSS&feedName=politicsNews

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