Senate Majority Leader Harry Reid (D-Nevada) announced this afternoon, Tuesday October 27 that an extension of the $8,000 first-time homebuyer credit and more generous net operating loss carry-back rules for money-losing businesses will not be brought to the Senate floor for a vote. The unemployment insurance extension is still on the calendar and will be brought up as a stand-alone measure. HAI will provide updates as more information is released from Capitol Hill.