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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.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Go deeper:

Go deeper

1 hour ago - World

Special report: Trump's U.S.-China transformation

Illustration: Aïda Amer/Axios

President Trump began his term by launching the trade war with China he had promised on the campaign trail. By mid-2020, however, Trump was no longer the public face of China policy-making as he became increasingly consumed with domestic troubles, giving his top aides carte blanche to pursue a cascade of tough-on-China policies.

Why it matters: Trump alone did not reshape the China relationship. But his trade war shattered global norms, paving the way for administration officials to pursue policies that just a few years earlier would have been unthinkable.

McConnell: Trump "provoked" Capitol mob

Senate Majority Leader Mitch McConnell (R-Ky.) said on Tuesday that the pro-Trump mob that stormed the U.S. Capitol on Jan. 6 was "provoked by the president and other powerful people."

Why it matters: Trump was impeached by the House last week for "incitement of insurrection." McConnell has not said how he will vote in Trump's coming Senate impeachment trial, but sources told Axios' Mike Allen that the chances of him voting to convict are higher than 50%.

2 hours ago - Politics & Policy

GOP leaders skip Trump sendoff in favor of church with Biden

House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Mitch McConnell (R-Ky.), Senate Minority Leader Chuck Schumer (D-N.Y.) and House Minority Leader Kevin McCarthy (R-Calif.) in July. Photo by Erin Scott-Pool/Getty Images

Congressional leaders, including House GOP leader Kevin McCarthy and Senate Majority Leader Mitch McConnell, will skip President Trump's departure ceremony in Maryland tomorrow morning in favor of attending mass with incoming President Joe Biden ahead of his inauguration, congressional sources familiar with their plans tell Axios.

Why it matters: Their decision is a clear sign of unity before Biden takes the oath of office.