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10 Senate Republicans propose compromise with Biden on COVID relief package

A group of 10Senate Republicans, led by Sen. Susan Collins (Maine), sent a letter to President Biden Sunday requesting a meeting with the president, saying they have developed a counterproposal to the president's COVID-19 relief plan.

The big picture: The proposal includes $160 billion in spending for vaccines, testing and tracing, treatment and medical equipment. The senators said the plan "could be approved quickly by Congress with bipartisan support," if it gained Biden's support.


  • The Senators' proposal includes a measure to renew unemployment benefits that expire in March. It also seeks to send a new round of direct payments to "families who need assistance the most," and to send additional assistance to small businesses.
  • "Our proposal reflects many of your stated priorities," the senators wrote.

What they're saying: “In the spirit of bipartisanship and unity, we have developed a COVID-19 relief framework that builds on prior COVID assistance laws, all of which passed with bipartisan support,” the senators wrote.

Between the lines: Biden has said he prefers a bipartisan approach to getting his plan through Congress, writes Axios Hans Nichols.

  • But he hasn’t ruled out relying on Democratic votes alone to pass his proposal through budget reconciliation, which requires a simple majority in the Senate. House Speaker Nancy Pelosi signaled last week that Democrats would seek to use the tactic if they could not garner Republican support.

What's new: National Economic Council Director Brian Deese told CNN's State of the Union on Sunday morning that the White House has "seen the letter and will be reviewing it over the course of the day."

What's next: The senators will reveal more of the plan's details on Monday, per Politico.

Go deeper:White House plots "full-court press" for $1.9 trillion relief plan

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Cryptocurrency jokes get serious

The cryptocurrency market is becoming one of the few places where internet meme culture can translate into serious money.

The big picture: "Joke" cryptocurrencies can thrive when bored people who have cash to spare look for new ways to entertain themselves with seemingly benign bets —hoping that one of those bets could turn into a lucrative investment

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