Biden strikes stimulus deal with Senate Democrats – POLITICO

Senate Democrats and President Joe Biden settled a last-minute debate over Biden’s $1.9 trillion pandemic relief bill, choosing to keep federal unemployment benefit payments at $400 per week but narrow the phaseout of the measure’s $1,400 stimulus checks.

The breakthrough comes just a few hours before Senate Majority Leader Chuck Schumer is hoping to kick off debate on the Covid aid bill. One Senate Democratic aide said the chamber is now waiting only on official scores from the Congressional Budget Office and the Joint Committee on Taxation to confirm its bill doesn’t run afoul of the rules of budget reconciliation, the process that allows passage of the package with a simple majority.

Source: Biden strikes stimulus deal with Senate Democrats – POLITICO