Here is how events are unfolding. All times Eastern.
Feb 05, 2021, 2:46 PM EST
House passes budget resolution, paving way for Biden's COVID relief plan
The House passed the Senate-amended budget resolution in a 219-209 vote on Friday.
Maine Rep. Jared Golden was the only Democrat to vote no.
Final passage of the budget resolution now unlocks the next phase in drafting the COVID-19 rescue package, with the work divided among several Congressional committees.
Democratic Leader Steny Hoyer told reporters Friday that House committees will begin their work next week. They hope to have a final COVID-19 rescue package ready for votes in the House for the week of Feb. 22.
-ABC News’ Mariam Khan
Feb 05, 2021, 2:30 PM EST
Psaki maintains commitment to bipartisanship, won't give negotiation timeline
White House press secretary Jen Psaki stressed Friday that Biden has not given up on the idea of bipartisan support even though he said earlier in the day that it would be “an easy choice” between quick relief and drawn out negotiations.
“He is somebody who is keeping the door open. He will remain engaged with Republicans in the days ahead,” she said at Friday’s press briefing.
Psaki pointed to a number of areas of bipartisan compromise including funding for small businesses and some elements of the minimum wage, but acknowledged that there was still a gulf on agreements for scope and size.
When pressed by ABC News on what Biden viewed as a reasonable timeline for negotiations before he considers them “bogged down,” as he indicated in his remarks earlier in the day, Psaki declined to give guidance.
"I’m not going to set a timeline," she said.
The president, she said, "is certainly hopeful that there is opportunity for this bill, whatever form it takes, to have bipartisan support, and there's an opportunity to do that.”
-ABC News’ Molly Nagle, Ben Gittleson and Sarah Kolinovsky
Feb 05, 2021, 12:38 PM EST
Biden calls his American Rescue Plan ‘a real answer to the crisis we’re in’
In remarks on the economy Friday, Biden called his American Rescue Plan “big,” “bold” and “a real answer to the crisis we’re in.”
The president said he will not lower stimulus payments to under $1,400. Biden’s plan also includes extending unemployment checks until September (it’s set to run out in March) and raising the minimum wage.
When it comes to compromising with Republicans, Biden said, “they're just not willing to go as far as I think we have to go.”
“What Republicans have proposed is either to do nothing or not enough,” he said.
"If I have to choose between getting help right now to Americans who are hurting so badly and getting bogged down in a lengthy negotiation or compromising on a bill that's up to the crisis, that's an easy choice. I'm going to help the American people who are hurting now,” he said.
Feb 05, 2021, 11:52 AM EST
Biden to speak about economy on heels of dismal jobs report
Biden is set give remarks on the economy Friday after the first jobs report during his presidency was released Friday morning, pointing toward a slow economic recovery.