Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Photo: Tom Williams / Getty Images
The House passed Democrats' revised $2.2 trillion coronavirus relief bill 214-207 on Thursday as 11th-hour negotiations between leaders for a bipartisan deal continue.
Why it matters: The legislation, a slimmed down version of the House's initial $3.4 trillion HEROES Act, is Democrats' last ditch effort to strike a stimulus deal with the White House and Senate Republicans before Election Day, though many lawmakers admit they think the legislation has little chance of becoming law.
What's in the bill: The proposal would ...
- Restore weekly enhanced unemployment benefits to $600.
- Extend the small business Paycheck Protection Program, which expired in early August.
- Allocate $28 billion for a vaccine, and $2 billion for more personal protective equipment for industries significantly impacted by COVID.
- Increase federal spending on Medicaid.
- Expand the employee retention tax credit.
- Provide $436 billion for state and local governments and a 15% increase in food-stamp benefits.
- Provide another round of $1,200 direct payments to Americans.
- Increase funding for schools, airlines workers and COVID testing.
What's next: The Senate is unlikely to move on the bill while bipartisan talks between Congress and the White House continue, and few on Capitol Hill are optimistic discussions will be fruitful.
Go deeper: House prepares to pass revised COVID relief bill as White House talks hit roadblock