Washington – Treasury Secretary Steven Mnuchin and House Spokeswoman Nancy Pelosi resumed negotiations on Monday on another coronavirus relief measure in an effort to break the backlog that has plagued discussions on a legislative package to help those affected by the ongoing Coronavirus pandemic are affected.
Pelosi and Mnuchin spoke on the phone Monday evening after House Democrats unveiled their latest coronavirus control move to assist small businesses, schools, aviation workers and Americans who have lost their jobs due to the coronavirus crisis. Drew Hammill, a Pelosi spokesman, said the two spoke again for about 50 minutes Tuesday morning, discussing the provisions of the updated aid package. You agreed to speak again on Wednesday, he said.
The proposal put forward by House Democrats is a revised version of the Heroes Act, a comprehensive $ 3.4 trillion bailout package that was passed by the Lower House in May. The updated proposal is priced at $ 2.2 trillion and, if approved, would include another round of $ 1
The Democratic move will also reintroduce the additional $ 600 weekly unemployment benefits that expired in late July.
In a letter to House Democrats on Monday, Pelosi said the caucus’ latest legislative proposal was “our offer to Republicans to negotiate how to deal with our country’s health and economic disaster.”
“The Democrats are keeping our promise to compromise this updated bill, which is necessary to address the immediate health and economic crisis facing America’s working families now,” Pelosi said. “We have been able to make important additions and reduce the cost of the invoice by reducing the time initially covered.”
While the Democrat-led House passed its $ 3 trillion coronavirus aid package in May, the move was a non-starter for the White House and the GOP-controlled Senate, which ended its own tight measure of $ 3 trillion in late July Submitted $ 1 trillion.
The White House and Democratic leaders divided over the size and scope of the next coronavirus aid package, and talks between the two sides halted in August. In response to the impasse, President Trump took a number of executive measures to reverse the economic impact of the crisis.
While the $ 2.2 trillion move is well below the House Democrat-approved $ 3.4 trillion package, Republicans last month resisted an offer by Democratic leaders to opt out at the cost of one to meet further auxiliary law effectively in the middle. At the time, Pelosi said she offered to cut the price of her plan by $ 1 trillion if Republicans added $ 1 trillion, despite the proposal being rejected by the White House.
Even without the support of the White House, the House could vote on the rescue package as Congress continues to face pressure to mitigate the economic fallout from the pandemic.