President Barack Obama is set to sign a bill extending jobless benefits 20 weeks and prolonging the $8,000 homebuyer tax credit.
The law is also aimed at spurring job creation by giving an additional tax cut to struggling businesses.
Later Friday, the president will visit Walter Reed Army Medical Center. Then he meets in the Oval Office with Congressman-elect Bill Owens, the Democrat who won a special election in New York's 23rd District that's been controlled by Republicans for decades.
Obama will also meet with Secretary of State Hillary Rodham Clinton, just back from a trip to the Middle East.