$1.5T COVID Stimulus Compromise To Be Unveiled At 1100ET

A group of 50 moderate Democrats and Republicans in the House ("Problem Solvers Caucus") is set to unveil a $1.5T COVID stimulus compromise at 1100ET. But Politico's Jake Sherman yesterday: "it's tough to see enough Democrats and Republicans jumping on with this to move the needle -- to say nothing of the Senate, which doesn't like to take its cues from junior House members."

For those who want details, this is from WashPost's Erica Werner a few minutes ago: "Includes new $1,200 checks to individuals; SNAP plus-up and rental assistance; $500b for cities and states... The UI piece would extend benefits at $600 weekly, up to but not exceeding 100 percent of an individual's previous wage, through January. States would have an 8-week transition period to get this in place, during which people would get $450 a week. The proposal includes automatic boosters or reducers based on covid hospitalization metrics and vaccine progress. The overall cost could increase by $400b by extending UI and more stimulus checks -- or decrease by $200b by reducing PPP, state&local, and rental assistance."