“This proposal is a step forward, two steps back,” Pelosi said in a letter to his fellow Democrats on Saturday.
But in a sign of hope, Pelosi said he is still communicating with the White House to reach a decisive agreement to help American staff and businesses still recovering from the pandemic.
“At this stage, we still don’t agree with many priorities, and Democrats are waiting for the administration to draft various provisions as negotiations on the total amount of investment continue,” Pelosi wrote.
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Meanwhile, several Senate Republicans rejected the framework of a primary expense bill just before the election, a convention convened Saturday with White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin.
“There’s no desire right now to spend the White House number or House number,” Senator Lamar Alexander, a Republican for Tennessee, told Politico two sources informed of the call.
Senators have made it clear to the White House that they need a specific plan that meets the wishes of families, small businesses, and schools, and would reject a “Pelosi wish list,” a source close to the appeal told Fox News.
Mnuchin made the biggest deal of pelosi on Friday, between $1. 8 billion and $1. 9 billion, according to Tyler Goodspeed, acting chairman of the White House Council of Economic Advisers.
It included an overload of the payout coverage program, a workers’ withholding tax credit, a circular of moments of direct stimulus bills and for airlines, and the reopening of schools, Goodspeed told Fox Business friday.
This is an increase of the $1. 6 trillion proposed in the past through management.
“We think it’s a very false offer, and it’s up to the speaker to be reasonable,” Goodspeed said.
Pelosi described in his letter the flaws of the White House offer:
“At this point, Trump’s proposal is inadequate to satisfy the wishes of families, unlike the Heroes Act, which guaranteed tens of billions of dollars for direct relief and reimbursable assignments,” Pelosi wrote in reference to the House-approved $2. 2 trillion law.
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For months, Congress has struggled to reach agreement on a new stimulus. Negotiations first collapsed in early August, which led Trump to point to four executive steps to relieve families still recovering from the virus-induced crisis, adding the extension of the transitority of more unemployment assistance to $300 per week.
But that aid is beginning to expire and the lifelines that supported the economy in the early weeks of the pandemic, such as the $670 billion pay-check coverage program, a $1,200 one-time stimulus check, and softened unemployment, expired weeks ago.
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While Democrats and Republicans agree that some other bill is needed to help the economy recover, they do not agree at all on its duration and scope. House Democrats approved a $2. 2 trillion aid program last week, and Trump’s management responded with a $1. 6 trillion plan. . Pelosi downplayed this as “inadequate” before the White House returned with the top offer.
The talks gave the impression of succeeding in a s certain point Tuesday when Trump tweeted that he had asked Republicans to prevent negotiations until the election ended, which shook Wall Street and caused stocks to fall, but temporarily changed course, first calling for fragmentary legislation. then renewing the tension for a broader agreement.
“The president will make a deal,” White House economic adviser Larry Kudlow said in an interview with Stuart Varney of FOX Business.
Any bill has yet to pass through the Democratic-controlled house and the Republican-controlled Senate, where Republicans express fear about a major spending initiative amid the country’s growing deficit, which is expected to reach a record $3. 3 trillion this year, according to the Congressional Budget Office.
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Megan Henney of Fox Business contributed to this report.