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

16:30  01 october  2020
16:30  01 october  2020 Source:   dailymail.co.uk

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.

Nancy Pelosi and Steven Mnuchin fail to reach a coronavirus stimulus deal after meeting on Wednesday. House Democrats delay a planned Wednesday night vote on their roughly . 2 trillion relief package. Earlier Wednesday, Pelosi and Mnuchin both sounded more optimistic about the

Mrs. Pelosi and Mr. Mnuchin have struck deals on coronavirus aid in the past and just last week reached an agreement on a separate spending bill A few weeks ago, House Majority Leader Steny Hoyer (D., Md.) drew up an outline of how a . 2 trillion proposal could work, and last week Mrs

a person wearing a suit and tie talking on a cell phone: MailOnline logo © Provided by Daily Mail MailOnline logo

Democrats and the White House are nearing a deal for the next coronavirus stimulus bill with a price tag of $2 trillion, including a retroactive boost in unemployment that will last through the end of the year.

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 and Mnuchin make one final attempt at Covid talks before elections

  Pelosi and Mnuchin make one final attempt at Covid talks before elections Top Democrats spent much of the weekend and Monday finalizing a roughly $2.2 trillion relief package.Pelosi and Mnuchin were scheduled to speak Monday evening, according to multiple Democratic sources. If no agreement seems likely — and it hasn’t been despite months of on-and-off negotiations — Pelosi and House Democratic leaders will hold a vote on their own bill as soon as Thursday and then go home to campaign, guaranteeing that Congress won’t send more help until after Election Day, said the sources.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had a 50-minute phone call Tuesday morning to discuss the . 2 trillion coronavirus stimulus Pelosi and Mnuchin are set to continue their talks Wednesday. Mnuchin is expected to make a counter offer of around .5 trillion

Pelosi and Mnuchin held several conversations throughout Thursday. Pelosi then tapped Neal to try hammer out an accord over the paid leave issue Workers suffering from the coronavirus , or with family members who have it, would receive some portion of their current wages for up to three months.

Pelosi and Mnuchin plan to meet on Capitol Hill again Thursday and House Democratic leaders announced a delay in voting on their $2.2 trillion bill until after those talks.

'The speaker thinks there's a possibility of getting a deal,' House Majority Leader Steny Hoyer of Maryland told Roll Call after meeting with Pelosi.

'If we have a deal, yes, we may well do that,' Hoyer said when asked if the House would be willing to wait several more days to vote if Pelosi and Mnuchin want to continue fine tuning legislative text. 'But if we don't have a deal, then we're going to move the bill.'

A person briefed on the GOP plan told Roll Call Wednesday that Mnuchin's latest proposal includes a $400 per week federal benefit on unemployment insurance which would work retroactively to September 12 and continue through Jan. 1, 2021.

'One More Serious Try' on a Second Stimulus Deal Is Coming, Says Mnuchin

  'One More Serious Try' on a Second Stimulus Deal Is Coming, Says Mnuchin "I think we're hopeful that we can get something done," Treasury Secretary Steven Mnuchin said."Well, I say we're going to give it one more serious try to get this done, and I think we're hopeful that we can get something done," Mnuchin said during the Delivering Alpha conference presented by CNBC and Institutional Investor magazine. "I think there's a reasonable compromise here.

U.S. Secretary of the Treasury Mnuchin walks to the meeting for a coronavirus relief package in Washington. Negotiators made great progress on the bipartisan, $ 2 - trillion stimulus measure on Monday, but without striking a final pact as they had hoped, Treasury Secretary Steven Mnuchin and

The massive Senate coronavirus stimulus bill aims to offer relief to individuals, the health-care system and businesses ravaged by the outbreak. The $ 2 trillion economic relief plan approved by the Senate includes direct payments to Americans, strengthened unemployment insurance, loans to

Although the new measure is $200 less than the $600 per week Democrats want, it is still $100 more than Senate Republicans proposed this summer.

Mnuchin is also pitching $160 billion more to revive the Paycheck Protection Program, with $10 billion specifically allocated for minority-owned businesses.

a group of people standing next to a person in a suit and tie: Treasury Secretary Steven Mnuchin will stop by Capitol Hill Thursday for another round of negotiations with House Speaker Nancy Pelosi on the next coronavirus stimulus package © Provided by Daily Mail Treasury Secretary Steven Mnuchin will stop by Capitol Hill Thursday for another round of negotiations with House Speaker Nancy Pelosi on the next coronavirus stimulus package a group of people walking on a sidewalk: Although Pelosi and Mnuchin neared a deal during their talks Wednesday, the two are still billions apart on the desired price tags of their respective proposals © Provided by Daily Mail Although Pelosi and Mnuchin neared a deal during their talks Wednesday, the two are still billions apart on the desired price tags of their respective proposals

The second round of forgivable loans will help more businesses remain open as they are hit by economic downfall in the midst of the pandemic. It also comes as American Airlines and United Airlines announced a mass round of furloughs are coming as their funds run out.

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

  Nancy Pelosi and Steve Mnuchin Fail to Agree on Stimulus Deal Yet Again "Today, Secretary Mnuchin and I had an extensive conversation and we found areas where we are seeking further clarification," House Speaker Nancy Pelosi said in a statement. "Our conversations will continue.""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.

Pelosi painted a different picture to Raddatz, in an interview ahead of Mnuchin 's, making it clear that the White House and Democrats are far apart on Raddatz pressed Mnuchin on this claim, citing a Yale study from this month which found no evidence in labor market data that the payments have any

As House lawmakers began moving forward on a new . 2 trillion Democratic coronavirus stimulus bill, Mnuchin said he thought that he and Pelosi Mnuchin said he would pursue negotiations after the Nov. 3 election if no deal is reached ahead of it. In a separate interview with MSNBC, Pelosi said

While Republicans want the deal to be more in the $1 trillion range – with some fiscal conservatives claiming there is no need for yet another COVID-19 stimulus package – Democrats are pushing for a bill with the likes of $2 trillion plus.

As of the latest package proposal, Pelosi has moved from her initial number of $3.4 trillion to $2.2 trillion, and Mnuchin has moved the needle on the right side of negotiations from $1 trillion to $1.62 trillion.

Although the two parties still have a gap of $580 billion between their desired price tags, the move Wednesday night signals progress toward a deal being struck before the presidential election.

Mnuchin admitted Wednesday night of Fox Business that Republicans will not go for such a high number.

'We're not going to do a $2.2 trillion deal,' Mnuchin said. 'The president instructed us to come up significantly, so we have come up from the trillion-dollar deal that we were working on earlier.'

If the right deal is made, Mnuchin signaled the White House's latest offer could be in the 'neighborhood' of $1.5 billion.

The Treasury is upping its offer to Democrats to pass a new stimulus bill including $1,200 direct payments, report says

  The Treasury is upping its offer to Democrats to pass a new stimulus bill including $1,200 direct payments, report says Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi are yet to strike a deal, but say they are hopeful and talks will continue.Treasury Secretary Steven Mnuchin offered a $1.62 trillion package in his Wednesday talks with House Speaker Nancy Pelosi, the report said.

STEVE Mnuchin has reportedly given Nancy Pelosi a "counter offer" to a . 2 trillion stimulus plan, as sides try to break a stalemate over ,200 checks. The offer from the Treasury Secretary reportedly came after House Speaker Pelosi and Democrats put out another emergency coronavirus plan over

Senate nears 0 billion deal for coronavirus small business loan programs. Earlier in the day, Mnuchin said the deal could include billion in funding for hospitals and billion in funding for House Speaker Nancy Pelosi said Sunday morning that officials are "very close" to an agreement to

White House Chief of Staff Mark Meadows told reporters traveling on Air Force One Wednesday night that GOP package 'extremely generous.'

Even as Pelosi and Mnuchin move closer to a deal, there is still doubt that it will ever reach the GOP-majority Senate floor.

Senate Majority Leader Mitch McConnell said Wednesday they are still 'very, very far apart.'

Mitch McConnell wearing a suit and tie: Senate Majority Leader Mitch McConnell cast doubt Wednesday that the measure will even make it to the Senate floor, claiming they are still 'very, very far apart' © Provided by Daily Mail Senate Majority Leader Mitch McConnell cast doubt Wednesday that the measure will even make it to the Senate floor, claiming they are still 'very, very far apart'

Negotiations between Pelosi and Mnuchin, sometimes joined by Meadows, have been at a stand-still for months as it became clear the two sides were asking for more than the other was willing to give into.

As Pelosi and Mnuchin met Wednesday, Meadows was on the other side of the Capitol meeting with McConnell.

Still unsolved by the two sides are how much to allocate for state and local funding in the next bill, as Democrats want $500 billion and Republicans are more near half that number. Funding for K-12 has also reached a halt with Democrats demanding $225 billion and Republicans only willing to go to $150 billion.

Also not yet agreed upon are several tax provisions, some related to health care.

The $250 billion Mnuchin is offering for state and local assistance is more than GOP negotiators have put forward to date.

It is unclear if McConnell will be able to sell anything higher than the $1 trillion the GOP Senate previously put forward as a vote on the new legislation comes to the higher chamber's floor.

Following Mnuchin's meeting with Pelosi on Wednesday, the Treasury Secretary briefed McConnell, and a source said the Kentucky Republican felt he might be able to get the votes needed – but a spokesperson for McConnell denied that characterization.

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White House ups virus aid offer, resumes talks with Pelosi .
WASHINGTON (AP) — The White House is boosting its offer in up-and-down COVID-19 aid talks in hopes of an agreement before Election Day, even as President Donald Trump's most powerful GOP ally in the Senate said Congress is unlikely to deliver relief by then. Trump on Friday took to Twitter to declare: “Covid Relief Negotiations are moving along. Go Big!” A top economic adviser said the Trump team was upping its offer in advance of a Friday conversation between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. The two spoke for more than 30 minutes Friday afternoon, said Pelosi spokesman Drew Hammill.

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