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Politics Pelosi and Mnuchin are 'narrowing their differences' on a stimulus package as the deadline for a deal looms

15:55  20 october  2020
15:55  20 october  2020 Source:   businessinsider.com

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that no stimulus deal is coming before the election, it rebounded from session lows after Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke at 3pm today for 53 minutes and "continued to narrow their differences " on a coronavirus relief package , Pelosi aide Drew Hammill.

This re the coronavirus relief economic stimulus bill Pro tip for Pelosi , get as much clarity as you like the Senate has been immovably opposed to extra Pelosi says she hopes that by the end of Tuesday ( Pelosi has said this is the deadline for a pre-election stimulus bill) there will be clarity on whether

Nancy Pelosi wearing a suit and tie: House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will meet again Tuesday to discuss a stimulus package. Samuel Corum, Drew Angerer/Getty Images © Samuel Corum, Drew Angerer/Getty Images House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will meet again Tuesday to discuss a stimulus package. Samuel Corum, Drew Angerer/Getty Images
  • Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin "narrowed their differences" over a phone call on Monday about a stimulus package, a Pelosi spokesman said.
  • Pelosi has said any stimulus deal must be agreed by the end of Tuesday so Congress can pass it before the election on November 3.
  • Pelosi told MSNBC on Monday evening that the Trump administration "have finally in the last 24 hours … come to a place where they are willing to address the crisis, the coronavirus, to crush the virus."
  • But significant disagreements still stand in the way over costs, unemployment benefits, and coronavirus testing.
  • Visit Business Insider's homepage for more stories.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin "continued to narrow their differences" during an hour-long discussion about a multi-trillion-dollar stimulus package on Monday ahead of a looming deadline for an agreement, a Pelosi spokesman said.

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Stimulus talks have dragged on for months even as the coronavirus spreads across the U.S. and millions of Americans remain unemployed. Even if Pelosi and Mnuchin are able to reach a bipartisan deal , many Senate Republicans have opposed spending close to trillion on a package .

Stimulus negotiators face a fast-approaching deadline to resolve key differences and deliver a sweeping However, a deal has evaded negotiators for months as the Trump administration and Pelosi have been Pelosi and Mnuchin , President Donald Trump's lead negotiator, spoke Saturday

Drew Hammill said on Twitter: "The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election.

"The two principals will speak again tomorrow and staff work will continue around the clock," he said.

Pelosi has said any stimulus deal must be agreed by the end of Tuesday so Congress can pass it before the election on November 3.

She told MSNBC on Monday evening that the Trump administration "have finally in the last 24 hours … come to a place where they are willing to address the crisis, the coronavirus, to crush the virus." The Trump administration had agreed to language related to addressing racial disparities around the impact of the virus, she said.

Pelosi: Mnuchin says Trump will lobby McConnell on big COVID-19 deal

  Pelosi: Mnuchin says Trump will lobby McConnell on big COVID-19 deal Treasury Secretary Steven Mnuchin suggested Thursday that President Trump will press Senate Republicans to accept a massive coronavirus relief package if a deal with Democrats emerges, according to the office of Speaker Nancy Pelosi (D-Calif.).Trump in recent days has urged Congress to "go big" as lawmakers weigh another round of emergency stimulus, indicating Thursday that he's told Mnuchin to seek more funding than the $1.8 trillion proposal offered by the White House last week.Yet Senate Majority Leader Mitch McConnell (R-Ky.) has rejected such a high figure, citing opposition from a long list of conservatives in his conference.

Pelosi and Mnuchin spoke about coronavirus stimulus , but they still stand far apart on how much Pelosi indicated the sides stand far apart on the price tag for a fifth package designed to alleviate The impasse risks dealing further damage to millions of Americans scrambling to cover rent and food

Stimulus Deal Before Election Hangs on Pelosi ’s Tuesday Cutoff. Pelosi said Sunday on ABC’s “This Week” that the two sides are still haggling over language on a national plan to While Pelosi and Treasury Secretary Steven Mnuchin and their staffs press on with negotiations, McConnell is

But plenty of areas of disagreement remain about the stimulus package, which would include $1,200 checks for taxpayers.

Democrats insist on at least $2.2 trillion in additional spending to prop up people, businesses, and public-health agencies. Meanwhile, the Trump administration has made a $1.8 trillion-offer to Democrats — but Senate Republicans want to spend less, which reduces the changes of any deal becoming law.

Pelosi told House Democrats earlier Monday that significant obstacles stand in the way of any deal, according to four people who were present in the closed conference call, per Bloomberg.

The looming deadline has made investors cautious about betting too heavily on a deal. Futures on the S&P 500, Dow Jones and Nasdaq 100 indices rose between 0.6 and 0.7% on Tuesday, pointing to a modest rise at the start of trade on Wall Street. The three indices fell by nearly 2% the previous day.

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Nancy Pelosi says she will seek another term as speaker if Democrats keep control of the House .
Rep. Alexandria Ocasio-Cortez, a vocal Democratic critic of House leadership, said she would back Pelosi if no progressive challenger surfaced. © Jose Luis Magana, AP House Speaker Nancy Pelosi, D-Calif., talks during a news conference on Capitol Hill, in Washington, Oct. 22, 2020. Pelosi and Ocasio-Cortez sparred even before Ocasio-Cortez became the youngest-ever female member of the House. In Nov. 2018, Ocasio-Cortez joined members of the Sunrise Movement, an environmental activist group, during a sit-in outside Pelosi's office.

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