New relief package update

Is a new relief package closer to being a reality?

This has been a very confusing week of back-and-forth between the Trump administration and Pelosi as the sides make a last effort to sign a bill that could bring some relief to Americans before election day. Why does a deal seem to be closer?

When congressmen, economists, and the American public were still trying to understand Trump's decisión, made on Tuesday, to stop the talks for a new stimulus package, on Thursday, the president backtracked with the order to his negotiators.

Only one day later, according to CNBC, the White House took a new stimulus offer to Democrats, believed to cost $1.8 trillion.

The proposal would increase the price tag 200 trillion from the $1.6 plan the Trump administration had presented last. House Democrats passed a $2.2 trillion bill earlier this month, and this new offer could bring sides closer to a deal.

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi spoke for more than 30 minutes Friday afternoon, the Speaker’s spokesman Drew Hammill informed. Mnuchin offered a proposal “that attempted to address some of the concerns Democrats have,” he added. 

“Of special concern, is the absence of an agreement on a strategic plan to crush the virus. For this and other provisions, we are still awaiting language from the Administration as negotiations on the overall funding amount continue,” Hammill said in another tweet.

With things changing every moment, It remains to be seen if Congress can iron out differences in time to pass another relief bill, to help struggling Americans and companies before the elections.

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