[The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]
President Donald Trump is holding a press release on Monday as the latest coronavirus relief law in Congress continues to stall.
Lawmakers are struggling to find common ground on the bill, with the parties remaining on better unemployment benefits, among other issues.
Over the weekend, Trump signed four executive orders that extend unemployment benefits, provide a tax vacation, postpone student loan payments through 2020, and extend federal eviction protection. It is unclear how or if those efforts will work.
Treasury Secretary Steven Mnuchin announced on Monday that the White House wants to restart negotiations. Mnuchin reached Pelosi by phone on Wednesday but the conversation did not yield any results.
Democrats and the Trump administration are “miles apart,” House Speaker Nancy Pelosi said Wednesday.
In a joint statement, Pelosi and Senate Minority Leader Chuck Schumer said the secretary rejected their offer to strike in the middle between the more than $ 3 trillion relief package and the GOP’s roughly $ 1 trillion proposal.
Mnuchin said in his own statement on Wednesday that the administration was ready to make compromises, adding that the “Democrats have no interest in negotiating.”
The coronavirus outbreak has spread worldwide, with more than 20.4 million confirmed cases and more than 744,733 deaths, according to data compiled by Johns Hopkins University. The US has had more than 5.1 million cases and killed at least 165,328, according to the latest figures, more than any other country.
– CNBC’s Jacob Pramuk contributed to this report.
Subscribe to CNBC on YouTube.
.
