At this hour, the Senate is still debating the unemployment bill which includes the extension of the tax credit that will permit the credit to be taken on loans closed through October.    Senate leadership is aware of the fact that there are many loans “in the pipeline” that could be lost if the window closes today.   

The bill needs 60 votes to break a threatened filibuster.  The search for the votes continues, as Senate Dems want to pass the unemployment bill.  GOP has problems with the cost of that bill [ it is not paid for; it is considered ” emergency recession” legislation].  Bottom line is that Dems need some GOP votes to move the unemployment bill and  thus the search continues. 

If the 60 votes can be found, there likely will be a move to pass the unemployment-tax credit extension bill tonight. 

If the 60 votes cannot be found, it is believed that Senate leadership will  then separate the tax credit extension for a stand alone vote, either tonight or Thursday.   

We have also been told that the flood insurance bill will be brought up when some resolution of the tax extension goes through.   
 

Between the eulogies to Sen. Byrd, the blame game continues down to deadlines for us, the unemployed, etc. On Thursday, the Senate will be in session after 4 pm, due to the memorial service for Sen. Byrd in the Capitol.