Biden & Senate Agree To Limit Eligibility For Stimulus


The Senate plans to give $1,400 checks to fewer people under a new deal struck with President Joe Biden.

Every American who filed individually and makes up to $75,000 would still get the full amount, but the Senate bill would cut off payments at $80,000. Couples filing jointly, incomes up to $150,000 still gets the full amount, but the Senate bill would cut off payments at $160,000 in earnings.

The new plan would make the full $1,400 available for those earning under $112,500, with the payment zeroing out at $120,000.

The payments would phase out at a faster rate under the new proposal, but it would maintain the crucial $1,400 top-line number for the bulk of recipients.

The Senate bill would maintain $400-per-week federal unemployment benefits through August.

The Democratic-controlled Senate is expected to vote possible by the end of the week.

Photos by Getty Images


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