California, Center Democrat U.S. Speaker of the House, Nancy Pelosi, on Thursday, October 1, 2020 at Washington, D.C., U.S.C. In the U.S.
Stephanie Reynolds | Bloomberg | Getty Images
House Speaker Nancy Pelosi and Treasury Secretary Steven Munuchi spoke for about an hour on Monday but no coronavirus stimulus came out of the phone call without a deal.
Pelosi spokesman Drew Hamill said in a tweet that the pair is expected to speak again on Tuesday as White House and Democratic leaders try to create an elusive fifth epidemic relief package. Pelosi and Munuchi plan to give more details about their proposals on Monday, he added.
The parties have been putting up final pressure in recent days to strike at the aid deal and pass legislation before the November 3 election. While Pelosi and Munuchi seem to have made progress towards the deal, there was a lot of disagreement between them over the weekend.
Millions of Americans are still not working during the epidemic, waiting for more relief from Washington Washington after some financial lifelines erupted during the period that erupted weeks ago. Economists are concerned that the lack of new fiscal stimulus could lead to a slowdown in the U.S. economy. Will achieve slow economic recovery.
Lawmakers aim to encourage Americans to test for the virus, treat Covid-19 and develop an effective vaccine, as thousands of new cases are still being reported in the country every day.
US stock markets rallied on Monday on optimism about the possibility of a relief deal. President Donald Trump himself led the Covid-19 fight, pushing Congress to pass an aid law over the weekend.
Trump has largely stayed out of negotiations between the White House and Congress.
The coming days will likely determine whether legislators can approve another stimulus package before the election. If Pelosi and Munuchin can make a deal, they will still need to come up with a plan that can get enough support from the Republican-led Senate.
Democrats passed a 2. 2.2 trillion coronavirus relief bill last week. It will reinstate $ 600 a week in additional unemployment benefits by January, send direct payments of ને 1,200 to most Americans, aid 6 6 billion in direct aid to states and municipalities, and approve a second round of paycheck protection program loans for hard-hit small businesses. A bevy.
Munuchi had earlier put forward a plan of 1. 6 1.6 trillion. Among the key differences, the Trump administration’s firm will include 400 weekly additional unemployment insurance, 250 250 billion in state and local government relief and liability for businesses. Democrats oppose legal action for companies.
On Monday, CNBC In an interview with, Sen. “Discussions continue, and I hope we can find a solution,” said John Baraso, R-Vio. The third-ranked Senate Republican said the Democratic plan “goes beyond what needs to be done to fight the coronavirus.”
He pointed to the $ 600 proposal in the weekly unemployment benefit, arguing it would prevent people from returning to work.
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