Senate Democrats broker last-minute deal on unemployment benefits, paving the way for vote on $1.9 trillion stimulus plan
Joseph Zeballos-Roig | Publié le | Mis à jour le- Policy
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- Senate Democrats struck an agreement on Friday evening on unemployment benefits.
- The new plan would provide $300 weekly jobless aid through Sept. 6 instead of the end of the month.
- It would also provide tax forgiveness for people making up to $150,000.
- Visit the Business section of Insider for more stories .
Senate Democrats brokered a deal on Friday evening on unemployment benefits, paving the way for a final vote on the stimulus package sometime on Saturday.
Two Democratic aides told Insider that the new plan would provide $300 in federal unemployment benefits through September 6. It would also waive tax payments for the first $10,200 in jobless aid for people making up to $150,000.
Both spoke on the condition of anonymity to share internal discussions.
Sen. Joe Manchin of West Virginia was reluctant to support a new Democratic plan that would provide jobless aid through the end of September. His opposition derailed Senate debate of the relief plan for nearly nine hours.
"We have reached a compromise that enables the economy to rebound quickly while also protecting those receiving unemployment benefits from being hit with unexpected tax bill next year," Manchin said in a statement. "Those making less than $150,000 and receiving unemployment will be eligible for a $10,200 tax break. Unemployment benefits will be extended through the end of August."
This story will be updated.
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