The $2.2 trillion stimulus/bailout KEEPING AMERICAN WORKERS PAID AND EMPLOYED ACT should be signed by Trump within a few hours ….
The bill is the largest relief measure in American history….
A Phase 4 bill will be probably coming also….
Congress is attempting to stay home for a while…
The House passed the $2.2 trillion coronavirus stimulus bill on Friday via a voice vote. President Trump said he plans to sign the bill into law later today.
Why it matters: What happens in Washington is often lost on the rest of the country. But this rescue package is the largest in American history, has the attention of leaders on both sides of Pennsylvania Avenue and matters to Americans back home.
The big picture: Washington leaders have already begun preliminary talks about a Phase 4 stimulus bill.
- Economists predict that we’re likely to be in this same situation again — and soon, Axios’ Dion Raboin reports. Another stimulus bill may be needed to jumpstart the economy after the virus outbreak has been contained.
- And more immediately, it’s possible that a second massive spending bill will be needed just to stop further bleeding.
- “This cannot be our final bill,” House Speaker Nancy Pelosi said on the floor this afternoon, while other lawmakers referred to it as a “down payment.”
What’s next: The Senate is now on an extended recess through April 20.
- Members of the House, some of whom were unable to return to Washington for today’s vote given the limited flight options, state mandated stay-at-home orders and other issues that prevented them from flying back, will also work from their home districts….
Report s are....The Speaker of the House has NOT been invited for the bill signing photo op at the White House…
The President and her have not spoken since the SOTU ….