Senate Majority Leader Harry Reid of Nev. pauses during a news conference on Capitol Hill in Washington, Tuesday, Jan. 7, 2014. (AP Photo/J. Scott Applewhite)

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.

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