Jan. 8 (Bloomberg) — The fate of Democrats' effort to revive long-term unemployment benefits that expired Dec. 28 will hinge on meeting Republican demands to cover the bill's $6.4 billion cost.
A small group of Senate Republicans are seeking a bipartisan compromise to pay for the benefit extension, the opening bid in Democrats' 2014 election-year agenda focused on helping low-and middle-income Americans.
A three-month extension proposal survived yesterday when, in a surprise 60-37 vote, six Republicans joined with Democrats to provide the 60 votes needed to advance the bill. Several of those Republicans said they may vote against final passage without a way to cover the price tag.
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