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House Speaker Nancy Pelosi (D-Calif.) speaks during a press conference on Capitol Hill on Dec. 20, 2020. Photo: Tasos Katopodis/Getty Images

House Speaker Nancy Pelosi (D-Calif.) is bringing Congress back to the Capitol on Monday to vote on a proposal to hike coronavirus relief payments to $2,000, after Republicans rejected a move to approve the measure by unanimous consent.

Why it matters: The long-shot attempt came after President Trump suggested he wouldn't sign the coronavirus relief bill — which includes a trillion-dollar government funding measure to avoid a government shutdown on Monday — unless Congress increased the direct payments from $600 to $2,000.

What they're saying: “Today, on Christmas Eve morning, House Republicans cruelly deprived the American people of the $2,000 that the President agreed to support," Pelosi said in a release. "If the President is serious about the $2,000 direct payments, he must call on House Republicans to end their obstruction."

Be smart: The president also rattled off a number of other gripes he had about the measure, so even if Congress passes the $2,000 direct payment measure there's still no guarantee Trump signs the mega bill.

Go deeper

Updated Jan 22, 2021 - Politics & Policy

Biden to attempt "emergency economic relief" by executive order

President Biden. Photo: Mark Wilson/Getty Images

President Biden will continue his executive action blitz on Friday, issuing two more orders in an attempt to provide immediate relief to struggling families without waiting for Congress.

Why it matters: In his second full day in office, Biden is again resorting to executive actions as he tries to increase payments for nutritional assistance and protect workers' rights during the pandemic.

Biden headed to the Hill as Democrats struggle to reach deal on spending bills

President Biden and House Speaker Nancy Pelosi leave a House Democratic Caucus meeting in the U.S. Capitol on Friday, Oct. 1, 2021 in Washington, DC. Photo: Kent Nishimura / Los Angeles Times via Getty Images

President Biden on Thursday morning will meet with the House Democratic Caucus on Capitol Hill to provide an update about his Build Back Better agenda and the bipartisan infrastructure deal, according to a White House official.

Driving the news: The meeting comes as Democrats struggle to reach a deal on the spending bills. House Speaker Nancy Pelosi told CNN on Sunday that Democrats were planning to reach an agreement on the infrastructure package this week, before Biden's departure to Europe, which is slated for later on Thursday.

Felix Salmon, author of Capital
44 mins ago - Economy & Business

Why it's so hard to tax wealth

Illustration: Sarah Grillo/Axios

The wealth tax that wasn't a wealth tax isn't even a tax, now. The Democrats had a meticulously constructed 107-page proposal to pay for a large chunk of their spending plans with a tax on billionaires, but it died ignobly on Wednesday, the same day it was unveiled.

Why it matters: The dream of a wealth tax will never die as it so neatly generates revenue by reducing inequality. But there are three main reasons why that dream is likely to remain just a dream for the foreseeable future.