Updated Mar 27, 2020 - Politics & Policy

Trump signs historic $2 trillion coronavirus stimulus bill

Photo: JIM WATSON / Getty Images

President Trump signed the $2.2 trillion coronavirus stimulus package into law on Friday shortly after the House passed the bill.

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 Rabouin 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.
  • House and Senate leadership are still determining whether new procedures need to be put in place to allow lawmakers to govern remotely during the pandemic.

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Cities' budget woes worsen with increased social unrest

Illustration: Sarah Grillo/Axios

Cities were already furloughing workers and considering cutting back essential services — including public safety — because of the dramatic drops in the local tax revenue that funds them. Now they're also dealing with turmoil in their streets.

Why it matters: "Unfortunately, the increasing levels of social unrest across the country reallocated efforts and scarce resources away from the former focus of getting state, regional and local economies back to some semblance of normalcy," per Tom Kozlik, head of municipal strategy and credit at HilltopSecurities.

Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 6,651,047 — Total deaths: 391,439 — Total recoveries — 2,881,715Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 1,872,660 — Total deaths: 108,211 — Total recoveries: 485,002 — Total tested: 18,214,950Map.
  3. Congress: What to know about the Senate's PPP reforms.
  4. Public health: The long journey to herd immunity — HHS moves to require data on race and ethnicity with coronavirus test resultsMedical journal retracts study that fueled hydroxychloroquine concerns.
  5. States: Americans will be forced to weigh personal coronavirus risk as states reopen — Cases spike in Texas and Arizona.
  6. Jobs: 1.9 million Americans filed for unemployment last week.
Updated 10 hours ago - Health

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

The Department of Health and Human Services moved on Thursday to require that an individual's race, ethnicity, age and sex be submitted to the agency with novel coronavirus test results.

Why it matters: Some cities and states have reported the virus is killing black people at disproportionately high rates. There are gaps in the national picture of how many people of color are affected, since the data has not been a requirement for states to collect or disclose.