[Cornelius]

Obama said the $10.8 billion home buyers' tax credit would be offset by tax revenues raised by delaying a tax break for multinational corporations that pay foreign taxes.
As U.S. unemployment officially passes 10%, the White House is challenged to create jobs without adding to the $1.4 trillion federal deficit.
New Employment Proposals: Expensive In signing the legislation, Obama said: "Now, it's important to note that the bill I signed will not add to our deficit.
The cost of the unemployment benefit extension, about $2.4 billion, will be covered by extending a federal unemployment tax to employers.
They are also under constant criticism for the high level of federal spending and rising federal budget deficit---especially from Republicans, but also from Democrats in conservative districts.
One would offer tax credits for employers that create new jobs, an idea that was also considered for inclusion in the $787 billion stimulus bill passed last winter.
At 10.2%, the jobless rate has increased 3.6 percentage points from a year ago.
Under one version, an employer would receive a tax credit of $8,000 in the first year of a new job and $5,000 in the second year.
With every uptick in the unemployment rate, Congress and the Obama Administration face more pressure to bolster job growth.
To some extent, the Administration painted itself into a corner when it estimated that its $787 billion stimulus package, signed in February, would help cap the unemployment rate at 8.5%.