Stimulus plan update

Pelosi and Mnuchin spoke about coronavirus stimulus again

After a week of back and forth between the White House and House Democrats, with orders and counter orders from Trump, Pelosi and Mnuchin resumed talks this Wednesday. Are they getting closer to a deal?

Secretary of the Treasury Steve Mnuchin and House Speaker Nancy Pelosi talked by phone on Wednesday and had “productive” discussions, according to the speaker’s spokesman Drew Hammill.

He added, however,  that “one major area of disagreement continues to be that the White House lacks an understanding of the need for a national strategic testing plan” for Covid-19.

Pelosi and Mnuchin plan to speak again on Thursday and the White House official said that they both “had a comprehensive discussion on a lot of issues.”

“We continue to make progress on certain issues, but on certain issues, we continue to be far apart,” he told the Milken Institute Global Conference.

But even though he found talks productive and called for immediate, “targeted” aid, Mnuchin conceded that “getting something done before the election and executing on that would be difficult.”

The negotiators have made a last effort to reach a stimulus agreement before November 3, but the chances of Congress passing a new relief bill before the elections seem smaller as the Republican-held Senate pushes to vote on a more narrow plan than either the White House or Democrats have presented.

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