WASHINGTON (AP) — A bipartisan group of senators says they have reached a compromise extending jobless benefits for the long-term unemployed for five months.
If the Senate approves the deal, it would break a months-long stalemate over the issue in the chamber between the two parties.
Two leaders of the negotiations — Democratic Sen. Jack Reed of Rhode Island and Republican Sen. Dean Heller of Nevada — said in a statement that the deal would be retroactive to the end of last year. Since that time, jobless coverage has expired for roughly 2 million people.
The proposal would be paid for by extending some customs fees and changing how some companies set aside money for pensions, in effect increasing their taxes.