May 16, 2020 - Politics & Policy

House passes $3 trillion coronavirus relief package

House Speaker Nancy Pelosi at the Capitol in Washington, D.C. on May 15. Photo: Olivier Douliery/AFP via Getty Images

House Democrats' $3 trillion coronavirus rescue package, the HEROES Act, passed by 208-199 on Friday, although it is expected to die in the Senate.

The big picture: Millions of eligible Americans received one-time payments of $1,200 or $2,400 from the last relief bill passed by Congress — the largest in modern history. This package would cost another $1 trillion and offers money for state governments.

Between the lines: The act was not negotiated with congressional Republicans, as the two parties have not yet made ground on the country's next relief package.

The biggest price tags in the bill include:

  • $500 billion for state governments
  • $375 billion for local governments
  • $175 billion for testing and other health-related expenses
  • $75 billion in housing assistance
  • $25 billion for the U.S. Postal Service
  • $20 billion for tribal relief
  • $20 billion for relief for territories
  • $10 billion for small businesses
  • $3.6 billion for election security and preparation
  • $1.5 billion to address broadband issues

Worth noting: The vote for the measure has brought nearly 400 House members back to Washington for the third time since March, per Reuters.

Go deeper: House Democrats unveil their $3 trillion coronavirus relief package

Go deeper

Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.