Donald Trump's recent push for a stimulus after halting the negotiations with Democrats earlier, and his targeting of House speaker Nancy Pelosi for the delay, is a sign that he is also aware of the dire need for a stimulus. "There are some that think we're not spending enough". "Most of the progress we've made have been concessions that the president has made". The price tag for a bipartisan package would range somewhere between $1.9 trillion and $2.2 trillion. "I don't think there's appetite for that".
Pelosi, the nation's top elected Democrat, continued talks with Treasury Secretary Steven Mnuchin on Wednesday afternoon, and a Pelosi spokesman said afterwards that they were closer to being able to "put pen to paper" on legislation. The House passed the $2.2 trillion Heroes Act in June and has so far rebuffed the administration's offer of $1.8 trillion for a new round of aid. "It's too much and there's going to be too much extraneous stuff as well". "And that's been a change from over the weekend", Pelosi said.
"There's concern on the amounts - and the biggest concerns are what are we funding?"
"If we're gonna do it this year, I think it's now or never", said Senator Roy Blunt. Here's what's in Mitch McConnell's latest relief package.
While the elections will be over then, freeing both sides from intense political pressures, the outcome of the elections will scramble the calculations for all sides involved in the negotiations - adding deep uncertainty to how action in a lame-duck session would play out.
Pelosi also noted that the House and Senate Appropriations Committees, which are working on specific aspects of the coronavirus deal, aren't working as fast as she hoped.
Asked if she were hopeful the two sides could reach an agreement, Pelosi said she was. So it's still possible the House could return next week just days before Election Day.
US in no hurry to develop digital dollar: Fed's Powell
Powell said the Fed's primary goal is to examine the impact of the digital dollar on the American economy. The Fed has faced plenty of criticism for its reluctance to digitalize the US dollar.
Pelosi had tasked House committee chairmen to work out legislative language on a bill with their Senate Republican counterparts.
Meanwhile, the White House and Pelosi's team have sent out optimistic signals that a deal could be reached this week.
"I'm not optimistic about us doing anything", Shelby said. We rate these claims as mostly false because they are misleading.
Pelosi later said on MSNBC that there's still an open question on when a bill will be passed. "It will be safer, bigger, and better, and it will be retroactive", she wrote.
It's still uncertain how the Senate will respond.
However, White House chief-of-staff Mark Meadows denied the Post's report on Wednesday morning, telling reporters that McConnell had not cautioned the Trump administration against a deal. And if a big deal is struck - which Trump has said he wants before November 3 - then voting on the legislation could interfere with the confirmation of Amy Coney Barrett to the Supreme Court.
In the same poll, 66% respondents have said the Senate should first vote on a stimulus package before confirming Amy Coney Barrett's nomination to the Supreme Court.