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Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate continued to work through votes on a marathon of amendments overnight into Saturday morning.

  • Helping unemployed Americans has been an issue that's divided progressives, hoping to help constituents who've lost jobs amid the pandemic, and Manchin and his fellow moderates who have wanted to cut costs from the sweeping legislation.

The big picture: Democrats will offer an amendment extending the enhanced unemployment insurance of $300 per week, trimmed from $400, through Sept. 6. The bill passed by the House pushed the program through Aug. 29.

  • The deal also provides tax relief to those who receive unemployment insurance from the program by making the first $10,200 received non-taxable for households with incomes under $150,000.

What they're saying: "The President supports the compromise agreement, and is grateful to all the Senators who worked so hard to reach this outcome," White House press secretary Jen Psaki said in a statement Friday night.

  • "Most importantly, this agreement allows us to move forward on the urgently needed American Rescue Plan, with $1400 relief checks, funding we need to finish the vaccine rollout, open our schools, help those suffering from the pandemic, and more."

What to watch: A final Senate vote on the bill is expected later Saturday.

Go deeper

Updated Mar 5, 2021 - Politics & Policy

Hours-long reading of 628-page COVID relief bill delays Senate debate

Sen. Ron Johnson. Photo: Stefani Reynolds/Bloomberg via Getty Images

The Senate on Thursday voted 51-50 — with Vice President Kamala Harris breaking the tie — to proceed to debate on President Biden's $1.9 trillion coronavirus rescue package, likely setting up a final vote this weekend.

The state of play: Sen. Ron Johnson (R-Wis.) forced Senate clerks to read the entire 628-page bill on the floor, which took nearly 11 hours and lasted until 2:04 a.m. on Friday. The Senate is set to return at 9 a.m. to debate the bill before considering amendments, which could drag into the weekend.

Dion Rabouin, author of Markets
Mar 5, 2021 - Economy & Business

Workers are getting a really bad deal

Illustration: Eniola Odetunde/Axios

This week's spate of data highlighted the difficulties Americans who have lost their jobs have had bouncing back from the coronavirus pandemic, and just how much those who have managed to keep their jobs have been working.

What's happening: The Labor Department reported Thursday that the productivity of American workers fell by a revised 4.2% annual rate in the fourth quarter, the largest decline in 39 years.

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