A letter has been submitted to Senate Majority Leader, Harry Reid, which was signed by 41 Republican senators mentioning that they are all against the financial regulation bill put forward by Democratic Sen. Chris Dodd. It was announced by Senate Republican Leader, Mitch McConnell's office today.

In a statement issued by Harry Reid, the Senate Majority Leader has confirmed that the Congress might approve the extension of the $8,000 homebuyers credit tax scheme and unemployment benefits. The approval is expected to come through as soon as early next week.