Pelosi and Mnuchin Making Progress on Stimulus Package
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin made progress in stimulus talks on Monday, according to CNBC.
They spoke for nearly one hour and “continued to narrow their differences,” Pelosi spokesperson Drew Hammill tweeted. They plan to speak again tomorrow. “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,” he said.
The Trump administration has been working with Democrats to hash out a stimulus package before the November 3 election. Pelosi set a 48-hour deadline to reach an agreement yesterday. She stated that she is “optimistic that we can reach agreement before the election.” Adding, “we are writing [legislative] language” as talks continue, “so that we are fully prepared to move forward once we reach agreement.”
Pelosi highlighted several topics that have led to the prolonging of a package, including a national testing strategy and local government relief. However, a stimulus package might not make it through the Senate. Many GOP senators oppose a massive stimulus package. "If Speaker Pelosi ever lets the House reach a bipartisan agreement with the Administration, the Senate would of course consider it,” said a spokesperson for Senate majority leader Mitch McConnell.
House Democrats recently passed a $2.2 trillion bill, stating that the $1.9 trillion proposal from the White House was inadequate.