The White House and House Speaker Nancy Pelosi resumed discussions over a possible economic relief bill as Democrats offered a $2.2 trillion package and Treasury Secretary Steven Mnuchin immediately engaged in talks.Pelosi and Mnuchin spoke Monday evening and agreed to talk again Tuesday morning, according to Pelosi spokesman Drew Hammill.
The two have negotiated extensively this year on economic relief bills. They initially found success but have been at odds in recent months, and talks have repeatedly broken down. They are running out of time to reach an agreement before the November election, but their planned talks this week appear to be their most extensive engagement in more than a month.Democrats described their new offer as an updated version of the $3.
, who have grown increasingly anxious over Congress’s recent inaction on pandemic relief legislation.As the pandemic worsened earlier this year and many businesses shut down, Congress passed four bipartisan bills in March and April that pumped close to $3 trillion into the economy. But they have not passed an economic relief law since then. Talks involving Mnuchin and Pelosi collapsed in early August and, before now, had shown little sign of reviving.
Mnuchin has said his priorities in a new round of spending would be aid for small businesses and children, among others. He has also talked about providing more assistance to the airline industry and approving another round of stimulus checks. There is some overlap in the White House’s goals with the things Democrats included in their new bill.For example, the Democrats’ bill would extend the $32 billion payroll support program for the airline industry, which is scheduled to expire on Sept.
The biggest budget item in the package would be $436 billion in aid to states, cities, and territorial and tribal governments that have experienced a major budget crunch this year. That’s about half as much as the amount for cities and states that was included in the original Heroes Act because the time period for funding state and local budgets was reduced.
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Pelosi expresses hope deal can be reached with White House on COVID-19 reliefU.S. House Speaker Nancy Pelosi, the top Democrat in Congress, said on Sunday she thinks a deal can be reached with the White House on a coronavirus relief package and that talks were continuing. You can’t make a fair deal with criminals We know about Nancy Pelosi. I'll believe it when I see it.
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