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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.

In photos: Egypt unveils 3,000-year-old "lost golden city"

A view on Saturday of the city, dubbed "The Rise of Aten," dating to the reign of Amenhotep III, uncovered near Luxor. Photo: Khaled Desouki/AFP via Getty Images

A top Egyptian archaeologist on Saturday outlined details of a newly rediscovered "lost golden city" near Luxor that dates back more than 3,000 years.

Why it matters: Zahi Hawass told NBC News the large ancient city, unveiled Thursday, tells archaeologists for the first time "about the life of the people during the Golden Age." Johns Hopkins University Egyptology professor Betsy Brian said in a statement it's "the second most important archeological discovery since the tomb of Tutankhamen."

1 dead as severe storms pummel the South

A tree that fell on a home carport damaged a vehicle during a storm in Central, Louisiana. No injuries were reported, according to Central Fire Department. Photo: Central Fire Department/Twitter

Strong storms lashed the South early Saturday, spawning at least one tornado and unleashing powerful winds and hail. And forecasters warned more severe weather was expected to hit parts of the region in the coming hours.

Details: Thousands of customers lost power in Florida, Mississippi, Arkansas, Texas and Louisiana, according to tracking site poweroutage.us. An F3 tornado that hit St Landry Parish, Louisiana, killed one person and wounded seven others.