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Trump Says Mnuchin, Pelosi May Reach Stimulus Deal
Posted
October 19, 2020
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October 19, 2020
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0:48Now PlayingPresident Donald Trump said Monday in Prescott, Arizona, a potential stimulus deal may be reached in Washington, D.C. “There are talks going on as we speak," he said.
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will hold a call Monday afternoon on a fiscal-stimulus package, a day before Pelosi’s deadline for a pre-election package expires.
The two main negotiators will speak at 3 p.m., according to a person familiar with the plan who asked not to be named as the schedule isn’t public. Mnuchin and Pelosi have in recent days been trying to nail down agreement on a national coronavirus testing program -- one of several issues that’s prevented a stimulus compromise.
“We remain committed to negotiating and also committed to making sure that we get a deal as quickly as possible,” White House Chief of Staff Mark Meadows said on Fox News Monday. “If Nancy Pelosi will be reasonable, she’ll find the president of the United States to be reasonable and we’ll get something across the finish line.”
A welter of dividing lines remain between the two sides, including the scale of assistance to state and local authorities, tax credits Democrats want for lower-income families, liability protections that Republicans are pushing but Democrats oppose, and a repeal of a credit for past business-tax losses that Republicans want to keep.
Before she talks to Mnuchin, Pelosi is set to hold a closed call with House Democrats at 2 p.m. on the current status of stimulus negotiations.
While President Donald Trump said he’s ready to match the $2.2 trillion spending level demanded by Democrats -- or go higher -- Senate Majority Leader Mitch McConnell has consistently warned that most GOP senators will oppose any coronavirus relief package that big.
Tuesday’s deadline “relates to if we want to get it done before the election, which we do,” Pelosi said Sunday on ABC’s “This Week,” indicating they could continue talking about passing a stimulus measure after Nov. 3.
Trump is willing to “go pretty far” to get a deal, White House communications director Alyssa Farah, said Monday, and the administration is not concerned with Pelosi’s time limit.
“This 48-hour deadline is really an artificial deadline. The American people need help. We’re going to get it to them whether it’s 72 hours, 24 hours or longer,” Farah said on Fox News.
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