Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued to negotiate a coronavirus bailout bill after Pelosi agreed on a bill that could be passed by Congress prior to the election by setting a deadline on Tuesday. ..
Pelosi and Mnuchin were scheduled to talk on the phone Tuesday afternoon. Earlier in the day, the speaker said he believed he was “on the road” to close the deal.
“We’re on the road. We have to be optimistic,” Pelosi said in an interview with Bloomberg TV. “As the secretary and I tell each other,’Why do we even talk if we don’t believe we can do this?'”
The two remain in conflict as to whether tax credits for families with children, how much assistance should be provided to state and local jurisdictions, and whether businesses and other organizations include liability shields.
Mr Pelosi said on the weekend that he believes an agreement must be reached by Tuesday in order for the two houses to submit the bill. She told Bloomberg TV that the text of the bill must be prepared by the end of this week and voted in the House of Representatives by the end of next week.
However, Pelosi has suggested that Congress is ready to continue negotiations with the White House even if it fails to pass the bill before the election day.
“We were still able to continue negotiations, which may not end by the day of the election,” Pelosi said. “Even if we don’t get enough agreement and reconciliation about our differences, we still have a responsibility to continue the negotiations.”
While the White House is approaching providing $ 2 trillion for the bailout bill, Pelosi continues to adhere to the priorities outlined below.I passed the House of Representatives last month. In an interview with Fox Business on Tuesday, White House Deputy Communications Director Brian Morgenstern said the White House had agreed to a $ 1.88 trillion package.
Meanwhile, President Trump said he was willing to raise the stimulus bill even higher than the Democratic Party’s proposal.
“I want to do bigger than the Democratic Party,” Trump said in an interview with Fox News Tuesday morning. “And not all Republicans agree with me. They do.”
However, it is unclear whether enough Republicans will support the bill. Several Republican senators have announced reservations for voting on a bill that costs about $ 2 trillion. Even if all Democrats vote for the bill, 13 Republicans need help to reach the 60-vote threshold. Senator John Thune, the whip of the majority, told reporters Monday that it would be “difficult” to get enough Republicans to support the $ 2 trillion law.
Senate leader Mitch McConnell said on Tuesday that if Pelosi and Mnuchin reached an agreement on a “president-backed bill,” they would bring it to the Senate seats to vote.
“If a bill backed by the president passes the House of Representatives, it will be brought to the floor at some point,” McConnell told reporters.
But the Senate Republicans are more supportive of the slimmer $ 500 billion bill... The bill does not include some Democratic priorities, such as funding state and local governments and a second direct payment, so even if it is approved by the Senate, it could be passed by the House of Representatives. It will be low. Even if all 53 Republicans in the Senate upheld the $ 500 billion bill on Wednesday, it’s unlikely to get a vote from Democratic North Korean defectors, and the bill will probably not be passed.