Senate Near a Bipartisan Deal on Unemployment Insurance

US Capitol Building

CNBC reports that the U.S. Senate neared a bipartisan deal Thursday night to extend unemployment-insurance benefits to the 2 million jobless Americans who have not received their checks since the program expired in December.

A group of senators, notes the report, said the deal was fully paid for through a variety of measures, including the extension of customs user fees through 2024.

The agreement will extend for five months the federal unemployment-insurance program. Because the new program will include retroactive benefits from December, the extension would expire for all beneficiaries in late May.

A vote on the package is not expected until after senators return to Washington on March 24.

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