WASHINGTON – The White House is supporting an unemployment allowance of $400 per week on the occasion of a pandemic and postponing the option of a COVID-19 emergency bill of more than $1. 5 trillion, as last-minute pre-election negotiations reached a critical level on Thursday.
Treasury Secretary Steven Mnuchin’s offer on unemployment is higher than many Republicans would like in any potential COVID deal with House Speaker Nancy Pelosi. Significant, if not insurmountable, obstacles remain.
But talks have gained momentum as the Trump administration pushes for a deal. On Wednesday night, White House chief of staff Mark Meadows said Trump had made an offer “extremely beneficial and greater than the $1. 5 trillion that has been articulated so far. “
The White House proposal provided funding to the state and local government, supporting a $250 billion injection and supporting $20 billion in aid for the troubled airline industry. Both spaces are of great interest to supporters of Democratic unions.
Details of the White House offer, first reported through Capitol Hill’s The Roll Call Factor, were displayed through Congressional attendees, speaking under conditions of anonymity to discuss closed-door conversations.
Pelosi postponed Wednesday’s vote on an elected Democratic measure, but could resume it on Thursday.
After a 90-minute assembly on Capitol Hill, Pelosi said she and Mnuchin would continue to talk: “We’ve discovered spaces where we need additional clarification,” she said. Negotiations were to resume on Thursday.
“We’ve come a long way in the last few days. We don’t have an agreement yet,” Mnuchin said after the assembly with Pelosi and Senate Republican Mitch McConnell.
At least the positive tone of Pelosi and Mnuchin is an improvement over past statements, but there is still a big gap between the two sides, McConnell said.
Meadow warned that Trump would not reach a $2 trillion threshold, but there is a lot of room for manoeuvre in such a gigantic number, and the profit scenario for many states is not as alarming as feared when a huge $3. 4 trillion democratic aid bill was approved. May.
In an appearance Wednesday on Fox Business, Mnuchin described the discussions as the first serious discussions with Pelosi in several weeks and said he would expand his offering in “the neighborhood” through $1. 5 billion. Be appropriate for pragmatists and Republican senators in difficult races.
After first noting that the Democratic-controlled chamber would vote Wednesday night on a $2. 2 trillion relief bill, a debate that would have been partisan and perhaps unproductive, Pelosi changed course and postponed voting until Thursday in hopes of being able to talk to Mnuchin. . more leeway.
The factor is a long-delayed package that would increase some other circular of direct stimulus bills of $1,200, repair unemployment premiums in the event of a pandemic, increase aid to schools, and provide greater assistance to airlines, restaurants, and other companies suffering. . A historic $2 trillion relief bill in March passed galore and is known to have helped the economy in the spring and summer, yet recovery is being considered to blow up without additional relief.
There have been many hypotheses about the restriction of the “course of action” that Pelosi, the Trump administration, and Senate Republicans can accept. There will be no COVID relief until next year, especially if Trump loses his bid for re-election.
Pelosi has never had a reputation for leaving large sums of cash on the table and his tactical stance, opposed to a Republican-controlled White House and Senate, is not as strong as his uncompromising tactics indicate.
The White House is also much more interested in an agreement than McConnell. Any compromise that can be approved by the House and Senate will surely push much away from the Senate Republican Party.
McConnell said the two sides remain “very, very separate. “
Even if Pelosi and Mnuchin reached a precept agreement on “higher” spending levels, dozens of main points would be resolved. A particularly sensitive issue, Pelosi told his colleagues earlier in the day, remains McConnell’s insistence on a liability. corporations that care about COVID-related lawsuits after they reopen their doors.
Pelosi sold his most recent bill as an attempt to identify a negotiating position that could simply stimulate negotiations. A more skeptical view is that the president seeks to appease party moderates who have protested because she has been too rigid in the negotiations and has played a role in the collapse of aid negotiations this summer and before this month.
The Democratic bill would reactivate an allowance for the unemployed of $600 according to the week on the occasion of a pandemic and send a circular of direct bills to the fullest of people. That would reduce a local and state government aid program with a still massive turnover of $436, send a $225 bill to schools and universities, and provide some other grant circular to companies under the Check Protection Program. Pay. Airlines would get an additional $25 bill to aid an expected wave of layoffs this week.
The partisan Democratic plan represents relief from a $3. 4 trillion bill approved by the House in May, but which remains above what Senate Republicans are willing to accept. Republicans approved keeping it in the $650-$1 trillion range.
The figures express are also unclear, as the components use discounts on reimbursement costs or new tax revenue to pay the component of their respective invoices.
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