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Data: Axios Research; Chart: Andrew Witherspoon/Axios

The latest COVID-19 relief package is much smaller than most Democrats wanted, and is less than half the size of the CARES Act that was passed earlier this year.

Yes, but: Put the two together, and the amount of stimulus passed by Congress in 2020 would dwarf any previous U.S. government spending program — even the New Deal.

Why it matters: President Trump's suggestion that he might not sign the bill without changes throws the whole package into doubt.

  • But even if that gets resolved, Team Biden has made it clear that they want massive new rounds of stimulus in 2021, directing money to state and local governments as well as executing on their promises to "build back better" with a multi-trillion-dollar investment program.
  • All of that spending would come on top of $2.9 trillion of stimulus passed in 2020 — an amount equivalent to a whopping 14.5% of GDP.

The big picture: Before this year, America's largest-ever spending program was Barack Obama's American Recovery and Reinvestment Act — which clocked in at just over $1 trillion, in today's money.

  • On a per-capita basis, or as a percentage of GDP, the record was held by Franklin Delano Roosevelt's New Deal of 1933-35, which spent about $6,680 of today's dollars for every living American. That amounted to 12.6% of GDP at the time.
  • Both records could be smashed this year, with stimulus so far totaling some $8,845 per American. And if Biden gets his way, there's a lot more to come.

Go deeper

Jan 25, 2021 - Politics & Policy

Biden's latest executive order: Buy American

President Joe R. Biden speaks about the economy before signing executive orders in the State Dining Room at the White House on Friday, Jan 22, 2021 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)

President Joe Biden will continue his flurry of executive orders on Monday, signing a new directive to require the federal government to “buy American” for products and services.

Why it matters: The executive action is yet another attempt by Biden to accomplish goals administratively without waiting for the backing of Congress. The new order echoes Biden's $400 billion campaign pledge to increase government purchases of American goods.

More corporations are requiring workers to get vaccinated

Graphic: Axios Visuals

Life for the unvaccinated could get more difficult as bosses increasingly move to make COVID-19 vaccines mandatory.

The big picture: The federal Government in May said that it is legal for companies to require employees to get vaccinated for coronavirus.

White House: Over 500,000 new shots recorded Friday, highest since July 1

Photo: Anna Moneymaker/Getty Images

The United States recorded more than half a million new COVID-19 vaccine shots on Friday, the highest number since July 1, White House deputy press secretary Karine Jean-Pierre said.

Why it matters: The Delta variant is continuing to spread across the United States and it now comprises over 80% of the coronavirus cases in the country, Jean-Pierre said. A report from the Centers for Disease Control and Prevention noted that "vaccination is the most important strategy to prevent severe illness and death."