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House Speaker Nancy Pelosi (D-Calif.) Photo: Liz Lynch/Getty Images

Speaker Nancy Pelosi (D-Calif.) on Monday unveiled House Democrats' new $2.2 trillion coronavirus relief proposal.

Why it matters: Negotiations with the Trump administration have stalled since the House passed its $3 trillion HEROES Act in May. The pared-down bill, which is $200 billion smaller than Democrats' most recent proposal, is part of Pelosi's last-ditch effort to strike a deal with the White House.

  • The updated proposal includes funding for schools, small businesses, restaurants, airline workers and more, and "serves as our proffer to Republicans to come to negotiations to address the health and economic catastrophe in our country," Pelosi said in a statement.
  • The proposal was unveiled minutes before Pelosi was set to have a call with Treasury Secretary Steve Mnuchin. The two top negotiators agreed to speak again on Tuesday morning, according to a top Pelosi aide.

Details: Among other measures, the bill earmarks $75 billion in funding for coronavirus testing contact tracing and isolation measures, "with special attention to the disparities facing communities of color."

  • The bill updates the Paycheck Protection Program "to serve the smallest businesses and struggling non-profits, providing hard-hit businesses with second loans, and delivering targeted assistance for the struggling restaurant industry and independent live venue operators."
  • It also includes a second round of $1,200 payments per taxpayer and $500 per dependent, while extending weekly $600 federal unemployment payments through January.
  • It provides $436 billion for a year’s worth of help to state, local, territorial and tribal governments to pay first responders and health workers.

What to watch: Pelosi has frequently said that Democrats would be willing to drop $1 trillion from the HEROES Act if Republicans would come up $1 trillion. In July, Senate Majority Leader Mitch McConnell proposed a roughly $1 trillion bill that was dismissed by Democrats as a "half-hearted, half-baked legislative proposal."

  • "Democrats are making good on our promise to compromise with this updated bill," Pelosi wrote.

Editor's note: This story has been corrected to show that the new bill is $200 billion less than the previous Democratic proposal.

Go deeper

Fauci sees greater China role in COVID-19 spread, one year on

Photo illustration: Eniola Odetunde/Axios. Photos: Ira L. Black (Corbis), Pool/Getty Images

A lack of transparency by Chinese officials — particularly about the novel coronavirus' transmission and the obstruction of a top U.S. scientist from investigating it — played a significant role in allowing COVID-19 to spread outside China, NIAID director Anthony Fauci tells Axios.

The big picture: Axios first spoke with Fauci one year ago this week about the "mysterious pneumonia" in Wuhan, China, which he suspected was a novel coronavirus but was being reported by Chinese health officials as not that infectious.

Severe coronavirus infections continue to mount

Expand chart
Data: The COVID Tracking ProjectHarvard Global Health Institute; Cartogram: Andrew Witherspoon/Axios

Deaths and severe illness from the coronavirus continue to set new records almost every day, especially in the South and the West.

The big picture: More than 130,000 Americans are in the hospital today with COVID-19 infections. That's straining several states' health care systems and will keep pushing the virus' death toll higher and higher.

Congressman announces positive COVID-19 test just hours after House floor vote

Rep. Jake LaTurner. Photo: Mark Reinstein/Corbis via Getty Images

Newly elected Rep. Jake LaTurner (R-Kansas) has tested positive for COVID-19 and is following CDC guidelines but is not experiencing any symptoms, per a statement from his office on Thursday morning.

Why it matters: LaTurner voted on the Arizona objection in the Electoral College certification process on Wednesday night, records show. He took the test as part of Washington, D.C'.s requirements and "does not plan to return to the House floor for votes until he is cleared to do so," per the statement.