Pelosi Unveils New $3 Trillion Coronavirus Relief Package

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House Speaker Nancy Pelosi (D-CA) and House Democrats unveiled their phase 4 coronavirus relief package on Tuesday that would provide billions in bailout to cash-strapped states and local governments, expand direct payment eligibility to undocumented immigrants as well as a list of other Democratic priorities.

The House will hold an emergency session on Friday to vote on the massive relief package. It is expected to pass the House along party lines, but will be dead on arrival in the Senate. Republicans dismissed the massive bill before it was unveiled, saying lawmakers should first spend some time reviewing previous stimulus measures already in place.

The 1,815-page Democratic legislation was crafted by Pelosi along with top Democratic committee chairs without any input from Republicans or the Trump administration and comes with a hefty price tag. It is expected to cost more than $3 trillion with the centerpiece focusing on providing over $1 trillion relief for struggling states and local governments to help plug budget holes from coronavirus crisis spending and declining tax revenues.