Under the changes agreed to by Biden and Senate Democratic leadership, individuals earning under $75,000 per year and couples earning under $150,000 would still receive the full $1,400 per person benefit.
"He said we need to pass this bill and pass it soon".
Senate Democratic leaders are set to move the bill forward this week but are continuing to finalize the text.
House Majority Leader Steny Hoyer (D-Md.) said the House worked with the Senate in writing the version it passed, and he's not concerned about changes the Senate might make. Those included moderates' efforts to focus spending more narrowly on those hardest hit by the deadly pandemic and resulting economic contraction.
Parents would also receive $1,400 per dependent, instead of $600 in the first two rounds, and this third round of checks will include eligible adult dependents for the first time. That new installment comprises almost a quarter of the overall bill's cost.
"The fact is that $600 is not enough".
Getting checks to Americans as fast as possible has been a priority for Biden in his opening weeks as president.
However, the Senate bill will lower those income limits to $80,000 for an individual and $160,000 for a couple, according to a source involved in Democratic conversations.
McConnell accused Democrats of ignoring signs that the economy and the deadly virus' rampage were beginning to turn around and shunning Republicans.
The federal government sent payments worth up to $1,200 per person a year ago and up to $600 in January. "We'll be fighting this in every way that we can".
After that comes a vote on the final Senate passage of the bill, expected sometime Friday or Saturday.
The Senate bill was expected to largely mirror the House-approved package, with the most glaring divergence the Senate's dropping of language boosting the federal minimum wage to $15 hourly. The only mechanism in place to protect those people are enhanced unemployment benefits, which the Biden Administration insists will remain at $400 a week in the stimulus bill, which is good.
The bill also would provide billions of dollars to help pay for vaccine distribution and aid for local and state governments.
That means that a family of four could receive $5,600 - in addition to the new Child Tax Credit.
Almost two dozen House Democrats - including Reps. And it was clear there were still moving parts.
Among the Senate Democrats who pushed for the quicker phase-out were Sens.
The senators suggested that keeping the benefits at a higher level could discourage laid-off workers from returning to jobs, just as more states loosen coronavirus-related business restrictions.
"It'd be bad for the doors to open up and there's no one working", Mr. Manchin said. Democrats likely have the votes to reject them.
Democrats are likely to need every vote, including from moderates such as Mr. Manchin, to get the package across the finish line in the Senate. All are aware of how that would rattle Biden's presidency and Democrats' ability to be productive during this Congress.
"We want to get the biggest, strongest bill that can pass, and that's what we're going to do", Schumer said. Democrats hope to have the bill in front of Biden to sign by March 14.
"It will be a real problem if this gets undermined in the Senate", said Jayapal. Kyrsten Sinema, D-Ariz., has left Democrats without the votes needed to salvage it.
A fundraising email by Our Revolution, a progressive political committee that was started by backers of Sen. Bernie Sanders, I-Vt., underscored the left's anger.
With Democrats and their allies controlling 50 seats, Vice President Kamala Harris might need to give them a tie-breaking vote.
With the Senate Parliamentarian ruling on Thursday that the $15 minimum wage can not be included in the final package for budget reconciliation, it is becoming increasingly clear that the rescue bill will be passed by the narrow Democratic majorities in Congress. Voters have a long memory when it comes to both economic and healthcare policies and will hold Republicans accountable for their obstruction in 2022.