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Politics Nancy Pelosi and Steve Mnuchin Fail to Agree on Stimulus Deal Yet Again

00:10  01 october  2020
00:10  01 october  2020 Source:   newsweek.com

Nancy Pelosi blurts out 'Good Morning Sunday morning' in ABC interview

  Nancy Pelosi blurts out 'Good Morning Sunday morning' in ABC interview House Speaker Nancy Pelosi blurted 'Good Morning, Sunday Morning' during her interview with George Stephanopoulos on This Week. The utterance appeared to make no sense.Host George Stephanopoulos had asked the speaker about possibility of a second attempt at impeaching Trump in the coming months, but instead of responding to the anchor's question, Pelosi said: 'Good morning, Sunday morning.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus stimulus deal during a more than 90-minute meeting Wednesday. This story is developing. Please check back for updates. Subscribe to CNBC on YouTube.

Speaker Nancy Pelosi said there’s a chance she and Treasury Secretary Steven Mnuchin can still reach a deal on a coronavirus stimulus package, and that 3 election after hitting an impasse in early August with the sides far apart. Recently, Pelosi has insisted that the White House agree to at least

Speaker of the House Nancy Pelosi announced Wednesday afternoon that her chamber would proceed with a vote on its updated coronavirus relief package later in the day, after hopes of striking a bipartisan agreement with Treasury Secretary Steven Mnuchin did not pan out.

a woman standing in front of a building talking on a cell phone: House Speaker Nancy Pelosi (D-CA) walks through Statuary Hall as people pay their respects to Justice Ruth Bader Ginsburg as she lies in state in Statuary Hall of the U.S. Capitol on September 25, 2020 in Washington, DC. Pelosi announced September 30 that her chamber would proceed with a vote on its updated coronavirus relief package later that day, after hopes of striking a bipartisan agreement with Treasury Secretary Steven Mnuchin did not pan out. © Erin Schaff-Pool/Getty House Speaker Nancy Pelosi (D-CA) walks through Statuary Hall as people pay their respects to Justice Ruth Bader Ginsburg as she lies in state in Statuary Hall of the U.S. Capitol on September 25, 2020 in Washington, DC. Pelosi announced September 30 that her chamber would proceed with a vote on its updated coronavirus relief package later that day, after hopes of striking a bipartisan agreement with Treasury Secretary Steven Mnuchin did not pan out.

"Today, Secretary Mnuchin and I had an extensive conversation and we found areas where we are seeking further clarification," Pelosi said in a statement. "Our conversations will continue.

Democrats Crafting New $2.4 Trillion Stimulus Bill to Spur Talks

  Democrats Crafting New $2.4 Trillion Stimulus Bill to Spur Talks House Democrats have started drafting a stimulus proposal of roughly $2.4 trillion that they can take into possible negotiations with the White House and Senate Republicans, according to House Democratic officials. © Bloomberg U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks during a news conference at the U.S. Capitol in Washington, D.C., U.S., on Thursday, Sept. 24, 2020. Pelosi expressed hope that there would be another round of stimulus talks, but gave no indication that Democrats would bend on their stance that the country needs $2.2 trillion in fresh aid.

Swift, bipartisan agreement on a new coronavirus stimulus package seems unlikely as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin dug in on their opposing positions Sunday.

Mnuchin said he hoped to strike an agreement with Pelosi and Schumer this week on coronavirus aid if the Democrats offer a fair deal . He did not give a timeline for when the sides would resume discussions, but said he hoped they could reach a deal this week if Democrats made a fair offer.

"We will be proceeding with our vote tonight on the updated Heroes Act in order to formalize our proffer to Republicans in the negotiations to address the health and economic catastrophe in our country."

Mnuchin revealed Wednesday morning his plans to meet with Pelosi later that afternoon for their first in-person conversation since August 7. The two have had several lengthy phone calls over the past few days amid mounting pressure to reach a deal before the November 3 election.

The secretary entered Pelosi's office in the Capitol Building around 1:15 p.m. ET, according to Politico reporter Jake Sherman. "I'm going to see the Speaker, see if we can make some good progress today," Mnuchin told reporters before going inside.

Last-Gasp Stimulus Talks Proceed With Time Running Out

  Last-Gasp Stimulus Talks Proceed With Time Running Out A compromise bill brought the previously successful negotiating team of Steven Mnuchin and Nancy Pelosi to the table.And it appears Mnuchin didn’t go to Pelosi’s office empty-handed, according to Roll Call:

Speaker Nancy Pelosi is holding out one more day for an eleventh-hour agreement with Leaders of both parties have tried and failed to reach a new deal on coronavirus aid since early August. But talks have been at a bitter stalemate for weeks, with Pelosi and Mnuchin barely speaking for most of

House Speaker Nancy Pelosi on Sunday said another coronavirus stimulus plan is possible as Stimulus negotiations between House Democrats and the Trump administration fell apart in early August, though Treasury Secretary Steven Mnuchin said he and Pelosi have agreed to restart talks.

White House Chief of Staff Mark Meadows, who has joined in on negotiation talks in the past, met with Senate Majority Leader Mitch McConnell at the same time, but their conversation lasted for about 30 minutes, Sherman tweeted.

McConnell did not sound hopeful that a deal would be reached Wednesday following his meeting with Meadows. When asked about the potential for a bipartisan agreement now that Pelosi and Mnuchin were meeting in-person, McConnell told reporters: "We're very, very far apart."

Ahead of his conversation with McConnell, Meadows seemed more upbeat that progress had been made. "I've seen substantial movement, yes," Meadows told Politico's Playbook. "And certainly the rhetoric has changed."

Mnuchin's meeting with Pelosi lasted for about 90 minutes. The secretary left Pelosi's office to enter a huddle with McConnell around 2:45 p.m. Thirty minutes later, word broke that a deal had not been struck, and that the Democratic-controlled House would forge on with its plan to vote Wednesday night on the proposed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.

Pelosi and Mnuchin on verge of $2 trillion coronavirus bailout deal

  Pelosi and Mnuchin on verge of $2 trillion coronavirus bailout deal Pelosi and Mnuchin are nearing a deal for the next coronavirus stimulus bill with a price tag of $2 trillion, including a $400 per week unemployment boost that will last through the end of the year. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The House Speaker met with Treasury Secretary Steven Mnuchin Wednesday afternoon for an hour-and-a-half to try and hammer out the details of a deal to provide relief to Americans and stimulus to the U.S. economy in the midst of the prevailing coronavirus pandemic.

Pelosi , Mnuchin , Meadows Schumer have had 11 meetings totaling 19 hours, and still, the projections for getting an actual deal are no better than they were Democrats continue to believe they have the political leverage after Republicans failed to unite behind their own plan, and Schumer and Pelosi

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke Tuesday morning after Democrats unveiled a coronavirus stimulus plan designed to restart progress toward a relief deal . While the pair agreed to talk again Wednesday, it is unclear if they moved any closer to a compromise.

Upon leaving McConnell's office, Mnuchin acknowledged that "a lot" of progress was made over the past few days. "We still don't have an agreement but we have more work to do," he said, according to reporter Jennifer Shutt. "And we're going to see where we end up."

Pelosi and her top Democratic colleagues had agreed in a private call Wednesday morning that they would be prepared to vote on the bill as soon as that afternoon, before members depart for the October recess, CNN reported.

If Mnuchin and Pelosi could reach an agreement Wednesday, "that is what we will move," House Majority Leader Steny Hoyer told reporters. If not, House members would vote on the Democratic bill.

The House released its updated HEROES Act Monday evening. The proposed legislation is a pared-down version of the original bill it passed in May, with lawmakers agreeing to bump down the price tag from $3.4 trillion to $2.2 trillion.

The bill includes measures that would provide another round of direct payments to American individuals and families, improve the Paycheck Protection Program (PPP) and provide more funds to bolster education, according to a one-page summary highlighting the bill's provisions.

Trump calls on Congress to pass a second coronavirus stimulus package

  Trump calls on Congress to pass a second coronavirus stimulus package 'OUR GREAT USA WANTS & NEEDS STIMULUS. WORK TOGETHER AND GET IT DONE. Thank you!' Trump tweeted on Saturday from Walter Reed National Military Medical Center. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have spent the past week in talks over a potential new coronavirus aid package to respond to the economic fallout from a pandemic that has killed more than 207,000 Americans and thrown millions out of work. A spokesman for Pelosi said she and Mnuchin spoke for 65 minutes on Friday, discussing areas of disagreement between Democrats and Republicans. The spokesman said negotiations are ongoing.

The two agreed to speak again on Tuesday morning, said Drew Hammill, a spokesman for Ms. Pelosi . After negotiating an agreement early last week to avoid a government shutdown when the new fiscal year begins on Thursday, Ms. Pelosi and Mr. Mnuchin agreed to resume conversations

After trooping up to Capitol Hill again that month, Mnuchin predicted there would be a deal on a But there was no deal . Absent the crisis mind-set of the spring, congressional Republicans and By the time Mnuchin and I met in mid-September, the prospect of a second stimulus before the November

McConnell, who proposed a so-called skinny stimulus package valued at around $500 billion, dismissed the updated House legislation on Wednesday as "too high" and "outlandish."

Wednesday's talks were scheduled in hopes that a negotiation could be reached ahead of several looming deadlines. The federal government's fiscal year is set to end at midnight Wednesday, with the House already voting to push the deadline to December.

The Senate is expected to vote in agreement of the continuing resolution later Wednesday, meaning that a government shutdown is not likely, Roll Call reported.

Nonetheless, lawmakers wanted a deal that would provide a second round of much-needed relief to the struggling economy and to Americans affected by the coronavirus pandemic.

Ideally, the deal would be reached before the November 3 election, as Senators are expected to be busy with preparations for the confirmation hearing of Supreme Court nominee Amy Coney Barrett.

Mnuchin described during an appearance on CNBC Wednesday morning what his counter-offer to Pelosi and McConnell would look like, saying it's "very similar" to what the Problem Solvers Caucus, a bipartisan group of lawmakers, put forth in their $1.5 trillion package earlier this month.

Pelosi has pushed back against the proposed amount, which is lower than what the Democrats want. "We can only go so far," she said.

Mnuchin's offer reportedly has an "escalator clause," according to Sherman, meaning that the bill's top-line price tag could be bumped up to $2 trillion.

During the same Wednesday morning phone call, Pelosi and her colleagues said that outstanding issues on reaching a bipartisan deal included funding for state and local governments, and liability reform for businesses, Politico reported.

These two issues have been at the heart of the months-long stalemate between Republicans and Democrats in reaching a deal. The updated HEROES Act provides $436 billion for state and local governments, something Republicans have dismissed as a non-starter, according to Politico.

The GOP, in contrast, has advocated for small businesses to have liability protection in case workers get sick with COVID-19, claiming this to be a necessary step in reopening the economy. Top Democrats, however, have stood firm in their opposition to such a measure.

Negotiations between Pelosi and Mnuchin will continue Thursday, and if a deal with the White House is possible, House members may be kept in Washington, D.C. beyond tomorrow, Politico reporter John Bresnahan tweeted.

Newsweek contacted McConnell and the White House for comments, but did not hear back in time for publication.

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McConnell Says Any Deal on Stimulus Unlikely Before Election .
Senate Majority Leader Mitch McConnell said the differences are likely too big and the time is too short for Congress to agree on a new comprehensive stimulus package before the election, despite President Donald Trump’s renewed interest in striking a deal. “I believe that we do need another rescue package, but the proximity to the elections and the differences of opinion about what is needed are pretty vast,” McConnell said at an event in his home state of Kentucky.He also said that while both sides agree on the need for aid to U.S. airlines, that too is unlikely to happen in the next three weeks.

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