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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5 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.