A bipartisan group of 10 Senators has agreed on a proposal to renew long-term jobless benefits for five months. The payments would be paid retroactively from December, when the previous extension expired, and last until late May.
The payments would be made to those who have been out of work for six months or more - except to those who earned $1M+ in the previous year.
The Senators expect their chamber to pass the measure, which would cost $10B but apparently be covered by a complicated set of offsets. Whether the House will approve the proposal is a different story.