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Politics Pelosi, Mnuchin Signal First Halting Progress on Stimulus Deal

12:42  04 august  2020
12:42  04 august  2020 Source:   bloomberg.com

Trump Says Republicans, Democrats Far Apart in Stimulus Talks

  Trump Says Republicans, Democrats Far Apart in Stimulus Talks President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out. © Bloomberg Steven Mnuchin The final payments of supplemental unemployment insurance that were included in the last stimulus run out this week and federal protections against evictions expired July 25, while mortgage foreclosures also are expiring with no agreement in sight.

Pelosi and Mnuchin , along with Senate Minority Leader Chuck Schumer and White House chief of staff Mark Meadows, said they expect to meet Monday to Asked on Sunday by ABC's Martha Raddatz on "This Week" when negotiators could potentially have a deal , Pelosi said, "We'll be close to an

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will kick off a first round of negotiations on Trump, Mnuchin and the congressional leaders talked about a proposed new round of financial stimulus to The discussions signal the attempts to find a compromise are accelerating .

(Bloomberg) -- House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin head into another round of negotiations on a new virus relief package after talks on Monday yielded “a little bit” of progress despite the wide gap that still remains between Republicans and Democrats.

It was the first glimmer of optimism that the talks over the past week had made some progress, and pressure was growing among lawmakers in both parties to get a deal. But there still was no resolution on some of the most critical issues, including an extension of the supplemental unemployment insurance that has expired.

Stimulus talks: White House, Dems still agree on $1,200 checks but deadlocked on unemployment assistance

  Stimulus talks: White House, Dems still agree on $1,200 checks but deadlocked on unemployment assistance Familiar fault lines continue to separate the White House and congressional Democrats on the next coronavirus stimulus package a day after an extended meeting between House Speaker Nancy Pelosi and administration officials.Pelosi and Mnuchin both took to the airways on Sunday morning to lay out their competing visions for the rescue bill. The key sticking point separating Democrats and Republicans continues to be the federal boost to unemployment assistance, which was set at $600 per week in March but recently lapsed.

Treasury Secretary Steven Mnuchin , who has been negotiating the deal , remained optimistic and Democrats have repeatedly blocked efforts to advance the stimulus because of concerns that it Schumer also signaled that once a deal is reached, the Senate could move quickly to hold a final vote.

Pelosi and Mnuchin dig in on stimulus positions ahead of scheduled Monday talks. Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi talked about the 0 White House, Democrats Report ' Progress ' But No Deal Yet. White House and Congressional negotiators

With the talks dragging on, President Donald Trump on Monday said he was considering executive action to restore a moratorium on evictions that also expired, and the White House was looking at other steps the administration could take without action by Congress.

Trump also said he’s discussing taking action to suspend payroll taxes, something that lawmakers in both parties have rebuffed.

a man in a suit standing in front of a building: Stalemated Virus Relief Talks Resume On Capitol Hill © Bloomberg Stalemated Virus Relief Talks Resume On Capitol Hill

Nancy Pelosi and Chuck Schumer on Aug. 3.

Photographer: Stefani Reynolds/Bloomberg

“We made a little bit of progress,” Mnuchin said after Monday’s two-hour meeting that included Senate Democratic leader Chuck Schumer and White House Chief of Staff Mark Meadows. “The president wants us to get a deal.”

Pelosi says coronavirus aid talks with Mnuchin, Meadows to continue Tuesday

  Pelosi says coronavirus aid talks with Mnuchin, Meadows to continue Tuesday Pelosi says coronavirus aid talks with Mnuchin, Meadows to continue TuesdayMnuchin met with Democratic lawmakers, who hold the keys to passing any economic stimulus in the House of Representatives, for most of Monday. Pelosi and her fellow Democrat in the Senate, Chuck Schumer, said the talks had been productive, and Schumer said he believes there is a desire to quickly complete legislation meant to blunt the economic pain from the global pandemic.

House Speaker Nancy Pelosi departed the a meeting in Senate Majority Leader Mitch McConnell’s office and said there is no deal yet on the coronavirus economic stimulus bill, adding that the House will introduce its own bill — something that could significantly draw out the process to finalize the

Speaker Nancy Pelosi (D-Calif.) on Tuesday signaled that a deal on the third coronavirus stimulus package initially drafted by Senate Republicans is imminent, praising Senate Minority Leader Charles Schumer (D-N.Y.) and Senate Democ.

Schumer said there were a lot of issues still outstanding, “But I think there is a desire to get something done as soon as we can.”

Read More: Fragile U.S. Rebound At Risk With Government Aid in Limbo

The negotiators are trying to reconcile differences between the $3.5 trillion Democratic plan passed by the House in May and the $1 trillion package of aid that Senate Republicans introduced last week. Even if they reached a deal this week, it would likely take until next week before the Senate and House vote on it. In the meantime, the $2.2 trillion in stimulus passed in March is drying up.

There were enough hopeful signs coming out of the meeting that Trump said the talks were going well and Senate majority leader Mitch McConnell held off for now on a plan to set up votes on short term extensions of unemployment insurance in order to put pressure on Democrats.

Pelosi told House Democrats on a conference call Monday that there was the potential to strike a deal in the coming days, according to a lawmaker who took part.

Pelosi reportedly told House Democrats that Congress likely won't come to an agreement on another pandemic relief bill until next week

  Pelosi reportedly told House Democrats that Congress likely won't come to an agreement on another pandemic relief bill until next week House Democrats and Senate Republicans have been at a standstill in ongoing negotiations over another coronavirus stimulus bill to support Americans.House Democrats, Senate Republicans, and the White House have been at a standstill in ongoing negotiations over another stimulus package, particularly over the issue of the now-expired federal unemployment insurance.

Senate Republicans are racing to reach a GOP deal on a massive $ 1 trillion economic stimulus as the coronavirus crisis intensifies, despite facing criticism from Democrats who warn that efforts to swiftly pass a stimulus could be derailed if they are not included in negotiations now.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday appeared on ABC News' "This Week" and detailed some of the ongoing Democrats and Republicans are still stuck in negotiations over a forthcoming coronavirus relief stimulus package and continue to clash over how

Read More: Fed Officials Talk Up Urgency of Fiscal Aid as Lawmakers Bicker

However, Pelosi also said that the White House and Republicans haven’t offered any money for some top Democratic priorities: aid to state and local governments and funding for the November election and the U.S. Postal Service, which will play a key role in the vote as number of mail-in ballots is likely to skyrocket, according to the lawmaker, who asked for anonymity to discuss the contents of the private call.

The negotiations have added urgency before the release this Friday of new unemployment numbers, which may show the effects of the surging virus forcing some states to pull back on plans to allow more businesses to reopen.

A group of U.S. corporate leaders led by Starbucks Corp.’s former head, Howard Schultz, and including the chief executive officers of Walt Disney Co., Merck & Co., Alphabet Inc. and Walmart Inc. warned Congress on Monday that the country would see a “wave of permanent closures” of small businesses if they don’t get additional aid.

Read More: CEOs Warn Congress of Small Business Failures Without More Aid

Stocks flat as stimulus talks drag on

  Stocks flat as stimulus talks drag on Stock markets opened relatively flat on Tuesday morning as Democrats and Republicans appeared to have made little progress on an emergency economic and health bill to address the COVID-19 pandemic.The Dow Jones Industrial Average opened down 25 points, or 0.1 percent, and the S&P 500 opened 5 points or .2 percent.Negotiations over the fifth COVID-19 bill have dragged on with little progress, and are not expected to conclude in the coming days.The talks between the White House, represented by Treasury Secretary Steve Mnuchin and chief of staff Mark Meadows, and Congressional Democrats, led by Speaker Nancy Pelosi (D-Calif.

Democrats rejected a short-term stimulus deal from Mnuchin and White House chief of staff Mark Meadows last weekwith Pelosi condemning Republicans and the Trump administration for taking a "piecemeal" approach to relief as COVID-19 cases continue to surge nationally.

Steven Mnuchin and Mark Meadows head to Capitol Hill for more stimulus negotiations with Republicans and Democrats no closer to reaching a deal They will meet with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer as the duo signaled a stalemate on talks with

“There’s pressure on both sides to do something,” Alabama Republican Senator Richard Shelby said. “There’s going to be some people hurting out there.”

Asked whether he’d be willing to go beyond the $1 trillion stimulus that McConnell has proposed, Shelby said, “I wouldn’t want it to, but I think it might have to happen.”

Several Republicans said the Senate would have to postpone its August break, scheduled to begin on Friday, if a deal isn’t reached by mid-week. The House is already on break, but lawmakers there have been told to prepare to return to Washington to vote on a stimulus package.

“I can’t see how we can go home and tell people we’ve failed,” Texas GOP Senator John Cornyn said.

Any deal will have to win the support of a majority of Democrats. They control the House and their votes will be needed in the Senate, where Republicans are divided. McConnell has said as many as 20 GOP senators wouldn’t even support the Republican relief plan.

New Jersey Democratic Senator Bob Menendez said it will take Republicans feeling the “heat at home” to break the impasse.

“It will take Republicans calling into Meadows and Mnuchin and saying, ‘Hey guys, we can’t sustain this,’” he said.

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©2020 Bloomberg L.P.

Mnuchin says a U.S. coronavirus relief bill could come this week .
Mnuchin says a U.S. coronavirus relief bill could come this weekMnuchin, in an interview on CNBC, said there was room for compromise on a deal for more aid and that legislation should get passed, but he declined to say when talks could resume.

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