In the latest development on the COVID-19 relief bill now in the hands of the Senate, Democrats reached a deal with President Biden to limit the eligibility of the stimulus checks in the $1.9 trillion package.
The tweak is the goal of moderate Democrats who did not want the $1,400 checks to go to wealthier Americans.
The stimulus checks would start to phase out at $75,000 and phase out entirely at $80,000 of income for individuals, as opposed to about $100,000 in the version of the legislation passed by the House last week. Joint filers would have their checks phase out starting at $150,000 and entirely at $160,000.
The House version of the bill had cut off incomes at $200,000 for couples and $100,000 for individuals.
The deal also keeps federal unemployment benefits at $400 per week through the end of August.
This compromise clears the way for the Senate to move forward, and they could take a procedural vote to begin debate on the bill as soon as Wednesday evening. The bill could pass the full Senate by the end of the week.