Democrats Don't Want to Pass a Reasonable Coronavirus Bill
Treasury Secretary Steven Mnuchin criticized Democrats for not wanting to discuss a "reasonable deal," according to CNBC.
“The good news is despite Congress not acting, because Pelosi and Schumer aren’t willing to sit down and strike a reasonable deal, the president moved forward with the [executive order] to help people who are still unemployed,” Mnuchin said.
He and White House chief of staff Mark Meadows been working with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer on a new stimulus bill. However, their efforts haven't been successful and discussion have been gridlocked for weeks.
Democrats, who are favoring a $3 trillion relief package, believe that Republicans are underestimating the severity of the pandemic. Republicans have cited improving economic data and believe a smaller relief bill is more financially responsible.
The Republican relief bill will include $300 in extra unemployment, additional money for the Paycheck Protection Program, and $10 billion for the US postal service. Democrats are expected to view the bill as insufficient.
“There’s no question that the economic numbers are doing better. So, as we reopen the economy, we see things are getting better,” Mnuchin said. “But the president wants us to do more. He wants us to provide money for kids and jobs, and a second round of the PPP and direct payments are a clear part of that.”
House Speaker Pelosi has stated that she's willing to meet Republicans in the middle.