Election day is approaching and although Nina Pelosi's 48-hour deadline to reach an agreement was not met, negotiations are moving forward and will continue this week.
According to CNBC, House Speaker Nancy Pelosi said Democrats and the Trump administration have moved closer to a deal ahead of her latest call with Treasury Secretary Steven Mnuchin on Tuesday.
Pelosi minimized the importance of a deadline she had set to strike an agreement before the end of Tuesday, saying she would keep talks going, to have legislation ready before November 3.
For this to be possible, lawmakers would have to reach a deal and write a bill before the end of the week, the House speaker added.
“It isn’t that this day was a day that we would have a deal, it was a day that we would have our terms on the table to be able to go to the next step,” Pelosi said.
By Monday the sides had narrowed their target for an overall relief price tag for the White House increased its offer to nearly $1.9 trillion and by Tuesday afternoon, Pelosi said the White House has “come a long way” on a national testing strategy and added that the sides still have not ironed out two of their biggest differences: state and local government aid and liability protections for businesses.
Stimulus talks between Mnuchin and Pelosi have dragged on for months, but even if they are finally able to reach a bipartisan deal, many Senate Republicans have said they will not support spending close to $2 trillion and are planning to vote a roughly $500 billion aid package this week.
“It would be hard” to get 13 Republicans — the number needed to join 47 senators in the Democratic caucus to overcome a filibuster — to support such a bill, Republican Majority Whip John Thune of South Dakota told reporters.
Senate Majority Leader Mitch McConnell has said, however, that, “if Speaker Pelosi ever lets the House reach a bipartisan agreement with the Administration, the Senate would of course consider it.