Last Thursday, the Senate failed to pass a bill that would again extend unemployment benefits. Rather than continue haggling between Democrats and Republicans for another round of changes to the bill, the Senators will likely drop the issue.
The bill also contained an extension to the homebuyer tax credit, a benefit that officially ends on June 30, 2010 for homes purchased by May 31.
This is the beginning of the end for economic stimulus from the government. Meanwhile, the Obama administration at the G-20 summit is warning other countries not to end their own stimulus plans too quickly, an approach we might not be able to take ourselves.
Updated December 26, 2010 and originally published June 28, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.