KEY POINTS
  • President Joe Biden's $1.9 trillion stimulus package advanced out of the House Budget Committee on Monday and is virtually set for a House vote later this week.
  • Democrats led by Speaker Nancy Pelosi are expected to pass it along party lines Friday or Saturday.
  • If passed by the House, the bill will proceed to the Senate, where some of the bill's biggest provisions, such as the $15 minimum wage, could be cut.
Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak after a press conference on Capitol Hill in Washington, DC.

President Joe Biden's $1.9 trillion stimulus package advanced out of the House Budget Committee on Monday and is now set for a full House vote later this week.

Monday's markup proceeding was one of the final steps in the House's reconciliation process, which will allow Democrats to muscle the bill through the chamber without GOP support.