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Politics Pelosi, Mnuchin to Talk Stimulus Again as Trump Hints at Failure

12:40  22 october  2020
12:40  22 october  2020 Source:   bloomberg.com

Lawmakers have been discussing second $1,200 stimulus checks for 5 months. Why those payments are still uncertain

  Lawmakers have been discussing second $1,200 stimulus checks for 5 months. Why those payments are still uncertain The coronavirus pandemic has hit Americans' wallets hard. Many are hoping for more financial relief from the federal government, namely second $1,200 stimulus checks. While lawmakers on both sides of the aisle agree on those payments, they're still clouded by uncertainty.Whether that happens or not depends on Congress.

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will try Wednesday to bridge remaining gaps in their talks over comprehensive coronavirus relief, blowing past Pelosi ’s self-imposed Tuesday deadline amid signs of progress toward a pre-election deal.

Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” on a coronavirus relief package, a Pelosi Pelosi Shifts Stimulus Deadline. Listen to article. While Trump has said he’s ready to match the .2 trillion spending level demanded by Democrats

(Bloomberg) -- House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will pick up discussions a stimulus package again Thursday with time running ever shorter for a deal before the election and President Donald Trump seeking to blame Democrats for any failure.

The two sides “are better prepared to reach compromise on several priorities” after Wednesday’s call between the main negotiators, Pelosi spokesman Drew Hammill tweeted. Pelosi and Mnuchin will speak again Thursday as they seek to “resolve open questions,” he said.

a close up of a person: House Speaker Nancy Pelosi Holds Weekly News Conference © Bloomberg House Speaker Nancy Pelosi Holds Weekly News Conference

Nancy Pelosi

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If House Speaker Nancy Pelosi is successful in getting Treasury Secretary Steve Mnuchin and the White House to sign off on a nearly trillion stimulus proposal and it gets drafted before the election, she'll force Senate Majority Leader Mitch McConnell to make a wrenching decision.

Pelosi and Mnuchin make progress in stimulus talks , but big differences remain, White White House chief of staff Mark Meadows cites progress after the latest coronavirus stimulus conversation The Trump administration and Democrats made progress on coronavirus stimulus talks Tuesday but

Photographer: Stefani Reynolds/Bloomberg

Senate Republicans remain the ultimate roadblock to enacting a roughly $2 trillion deal being negotiated by Pelosi and Mnuchin. Senate Majority Leader Mitch McConnell has made no promises on when the Senate might take up any compromise agreement, and some senior GOP lawmakers expressed skepticism whether the chamber would vote on one even after the election.

Funding for state and local governments, a key issue of dividing Democrats and Republicans going back to the summer, was singled out by both sides as a remaining stumbling block. Trump and his allies have characterized large-scale aid to local authorities as an effort to bail out poorly run, Democratic states.

Trump made that charge again in a tweet Wednesday. He also said, “Just don’t see any way Nancy Pelosi and Cryin’ Chuck Schumer will be willing to do what is right for our great American workers, or our wonderful USA itself, on Stimulus.”

Pelosi's office says the latest coronavirus stimulus talk with Mnuchin had 'encouraging news on testing'

  Pelosi's office says the latest coronavirus stimulus talk with Mnuchin had 'encouraging news on testing' The second coronavirus stimulus package remains stalled in Congress as Republicans and Democrats deadlock on the size of the plan. Pelosi and Mnuchin spoke Saturday evening, according to Drew Hammill, the house speaker's deputy of chief. "While there was some encouraging news on testing, there remains work to do to ensure there is a comprehensive testing plan that includes contact tracing and additional measures to address the virus' disproportionate impact on communities of color," Hammill said. Visit Business Insider's homepage for more stories.

Budget talks between Democratic Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin began in July. Democratic presidential nominee Joe Biden said Mr Trump had "turned his back" on the American people. "Make no mistake: if you are out of work, if your business is closed, if your child's

Pelosi and Treasury Secretary Steven Mnuchin spoke at length Saturday night about efforts to finalize a stimulus package to help the U.S. weather the affects of Their staffs will keep talks going in the meantime. Hammill wouldn’t comment on any agreement for Mnuchin and Pelosi to talk on Monday.

White House Chief of Staff Mark Meadows earlier Wednesday complained that it’s the administration that’s “advancing this negotiation further and further to Nancy Pelosi’s side of the ledger.” The speaker has made only “small” concessions, he said on Fox News.

a group of people standing next to a person in a suit and tie: Pelosi Awaits Mnuchin's Stimulus Counter-Offer and Prepares Vote © Bloomberg Pelosi Awaits Mnuchin's Stimulus Counter-Offer and Prepares Vote

Steven Mnuchin

Photographer: Oliver Contreras/Bloomberg

Senate Democratic leader Chuck Schumer on Wednesday put the onus on Republicans for the lack of an agreement, highlighting reports that McConnell had advised the White House to avoid a pre-Nov. 3 deal, given the likelihood of division among Republicans on any vote in the Senate. “Ask the American people. They know who to blame,” Schumer said.

GOP Senators, meanwhile, raised concerns about both the size of the deal under negotiation -- $1.9 trillion, according to Meadows -- and policy issues in the language.

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

  Pelosi and Mnuchin are 'narrowing their differences' on a stimulus package as the deadline for a deal looms Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will speak again on Tuesday to see if they can come to an agreement on the stimulus deal.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.

No deal after Pelosi , Mnuchin meet on economic relief, but talks will conti Education. Will Washington-area schools publicly report coronavirus “The bill’s not going to happen because they don’t even want to talk about it, because we can’t give them the kind of ridiculous things that they

Pelosi , Mnuchin renew talks as Democrats release .2 trillion coronavirus stimulus bill. 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.

GOP Opposition

Senator John Cornyn of Texas said, “Part of the message from Senate Republicans is: we need to have a discussion about the substance” of policy measures. Republican senators’ concerns include lack of language to prevent government funding for abortions.

GOP members also expressed skepticism about a post Nov. 3 vote on a stimulus deal. Pelosi had floated such a possibility Wednesday, and White House economic adviser Larry Kudlow said the economy and markets would still benefit from the announcement of a deal between the administration and the House in the next two weeks.

Missouri Republican Roy Blunt, a member of McConnell’s leadership team, said, “If we’re going to do it this year, I think it’s now or never.” Republican vote counters in the Senate won’t have the 13 votes needed to pass a stimulus package as large as Pelosi is seeking, according to John Thune, the party’s No. 2 leader in the Senate.

Republican Senator Chuck Grassley of Iowa told reporters, “It’s pretty hard to predict because I think that what happens in the presidential election will determine that more than anything we know right now.”

Meadows said, “The president’s willing to lean into this” with Republican senators if a deal is reached. But he, too, said he doubted chances of passage were better after the election.

Meadows said on Fox Business that the “biggest issue remains state and local assistance.” While the administration estimates that those authorities have lost $250 billion to $275 billion in revenue thanks to the coronavirus crisis, Pelosi is seeking aid of “about twice that number,” or closer to $500 billion, he said.

Hammill, Pelosi’s spokesman, also on Wednesday highlighted that “work needs to be done to ensure that schools are the safest places in America for children to learn.”

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Mnuchin says he learned of Pelosi's letter to him about stimulus talks 'in the press' .
Treasury Secretary Steven Mnuchin said on Thursday that he learned about a letter Speaker Nancy Pelosi (D-Calif.) sent to him about coronavirus stimulus talks "in the press.""I woke up this morning and read @SpeakerPelosi 's letter to me in the press," Mnuchin said on Twitter. "Enclosed is my response. Her ALL OR NONE approach is hurting hard-working Americans who need help NOW!" I woke up this morning and read @SpeakerPelosi's letter to me in"I woke up this morning and read @SpeakerPelosi 's letter to me in the press," Mnuchin said on Twitter. "Enclosed is my response.

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