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House Democrats Unveil $2.2T Proposal In Search For Compromise

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(MNI) WASHINGTON
  • As Speaker Nancy Pelosi and Treasury Secretary Mnuchin were scheduled to talk at 6:30pm, a source familiar with the matter confirmed to MNI, the House Democrats unveiled a stimulus bill slimmed down to $2.2 trillion, from the $3.4 trillion HEROES Act Democrats passed 4 months ago.
  • "Democrats are making good on our promise to compromise with this updated bill, which is necessary to address the immediate health and economic crisis facing Americas working families right now. We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now," Pelosi said in a letter to her Democratic colleagues.
  • Bill text here.
  • A one-pager on the legislation is here.
  • A section-by-section summary is here.
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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