The remarkable thing here is that Nancy Pelosi has, for all practical purposes, become America's chief economic policymaker 1/ nytimes.com/2020/03/12/bus…
Here's what we know about the contents of the bill. It's very much a Democratic agenda; Republican input seems to be little more than insisting that a few pieces be smaller and less effective 2/ 
Why is Pelosi in the driver's seat? It's not just that Dem control of the House gives her a lot of leverage: it's the intellectual bankruptcy of the GOP. Neither the WH nor Rs in the Senate can come up with anything beyond tax cuts and closing borders 3/
So the job of crafting a response is all up to the Dems, who still have actual policy experts (and Pelosi herself is a pretty good wonk!). As a result, in terms of economics we're suddenly living under the Pelosi administration 4/
And for what it's worth, futures markets like it. When the president speaks, markets plunge; when it looks as if the WH is giving in to Pelosi ... 5/
