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The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want

Nancy Pelosi and Chuck Schumer

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Democrats this week took the biggest step in months toward reaching a stimulus compromise, but the proposed deal lacks another round of $1,200 direct payments for millions of Americans.

Congressional Democratic leaders embraced a $908 billion stimulus package on Wednesday, saying the measure should serve as a new foundation for talks with Senate Majority Leader Mitch McConnell. The proposal — backed by a bipartisan group of lawmakers — includes $180 billion for expanded unemployment benefits, $160 billion for state and local government aid, and $288 billion for small businesses and the Paycheck Protection Program. 

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