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Photo: Alex Wong/Getty Images

House Speaker Nancy Pelosi unveiled on Monday a sweeping counterproposal to Senate Republicans' $1.8 trillion coronavirus stimulus package.

Why it matters: House Democrats' legislation — which comes with a $2.5 trillion price tag — comes after negotiations between Capitol Hill leaders and the White House broke down over the weekend, culminating in two failed procedural votes that have left the Senate Republicans' bill in limbo.

The state of play: Democrats, who have asserted that the Senate GOP bill is a corporate slush fund that doesn't do enough to help American workers, are hoping that the release of this bill will give them more leverage in negotiations with Republicans.

  • But Republicans have accused Democrats of playing politics during a national crisis by stalling action on their bill, calling this latest measure a "Democratic wish list" — as Senate Majority Leader Mitch McConnell characterized it.

The "Take Responsibility for Workers and Families Act":

  • Increases the amount of money being offered to individuals to $1,500, and up to $7,500 for a family of five. The same GOP income thresholds in the GOP bill would apply — $75,000 for individuals and $150,000 for couples, but the benefit would be available to anyone with an individual taxpayer identification number, retirees and unemployed individuals.
  • Waives $10,000 in federal student loan payments.
  • Dedicate $4 billion in grant funding to help states with upcoming elections and nationally mandates 15 days of early voting and no-excuse absentee vote-by-mail, including mailing a ballot to all registered voters in an emergency.
  • Includes a section that would cancel several executive orders and presidential memorandums that Democrats argue have weakened public sector unions' ability to engage in collective bargaining.
  • Creates new carbon offset guidelines for airlines, with a long-term goal of reducing jet fuel emissions by 50% by 2050. 
  • Allocates $150 billion to support hospitals, local health centers and government-funded medical programs, with an additional $80 billion in low-interest loans to hospitals.
  • Eliminates cost-sharing for coronavirus treatments and vaccines for all patients, including the uninsured.
  • Addresses broader health care concerns that Democrats have pushed for months, including increasing subsidies on the individual market and creating new incentives for states to expand Medicaid.
  • Provides child care assistance to health care workers and emergency personnel.
  • Would temporarily provide $600 per week to unemployed workers affected by the coronavirus. Self-employed workers, Americans whose contracts were canceled, and new entrants to the job market would also be eligible.
  • Expands paid sick leave and family medical leave, as well as gives more money to food-safety benefits.
  • Provides $500 billion in grants and interest-free loans to small businesses.
  • Creates a $200 billion stabilization fund for states and $15 billion for local governments through the Community Development Block Grant program. The legislation also authorizes the Federal Reserve to purchase state and local government bonds.
  • Pumps nearly $60 billion into schools and universities, with $50 billion directly provided to states for school funding and nearly $10 billion to higher education institutions.
  • Dedicates $20 billion to reimbursing the U.S. Postal Service for lost revenue, and forgives USPS debt.
  • Requires companies receiving federal assistance during coronavirus to institute a $15 minimum wage.

What's next: Discussions between McConnell, Pelosi, Senate Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin will continue over the next few days. Both sides are confident they will ultimately reach an agreement given the dire need to deliver this aid as soon as possible.

Read the bill ... and compare it to McConnell's.

Go deeper: Procedural vote on coronavirus stimulus fails for 2nd time in 24 hours

Editor's note: This story has been updated to include additional details from the 1,119-page bill.

Go deeper

14 hours ago - Health

FDA advisory panel recommends Pfizer boosters for those 65 and older

A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at the Key Biscayne Community Center on Aug. 24, 2021. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images

A key Food and Drug Administration advisory panel on Friday overwhelmingly voted against recommending Pfizer vaccine booster shots for younger Americans, but unanimously recommended approving the third shots for individuals 65 and older, as well as those at high-risk of severe COVID-19.

Why it matters: While the votes are non-binding, and the FDA must still make a final decision, Friday's move pours cold water on the Biden administration's plan to begin administering boosters to most individuals who received the Pfizer vaccine later this month.

14 hours ago - World

France recalls ambassadors from U.S. and Australia over submarine deal

Secretary of State Antony Blinken (L), French Foreign Minister Jean-Yves Le Drian (C), and French ambassador to the U.S. Philippe Etienne. Photo: Nicholas Kamm/AFP via Getty Images

France has taken the extraordinary step of recalling its ambassadors to the U.S. and Australia after both countries blindsided their French allies with a new military pact and submarine contract, the French Foreign Ministry announced on Friday.

The backstory: While sealing an agreement with the U.S. and U.K. to acquire nuclear submarines, Australia ripped up an existing $90 billion submarine deal with France. That led senior French officials to accuse the U.S. of a "stab in the back."

Updated 14 hours ago - World

In reversal, Pentagon now says drone strike killed 10 Afghan civilians

Caskets for the dead are carried towards the gravesite as relatives and friends attend a mass funeral for members of a family that is said to have been killed in a U.S. drone airstrike, in Kabul on Aug. 30. Photo: Marcus Yam/Los Angeles Times via Getty Images

A U.S. drone strike launched on Aug. 29 killed 10 civilians in Afghanistan, including seven children, rather than the Islamic State extremists the Biden administration claimed it targeted, the Pentagon said Friday.

Why it matters: U.S. Central Command said at the time that officials "know" the drone strike "disrupted an imminent ISIS-K threat" to Kabul's airport, and that they were "confident we successfully hit the target."