U.S. Treasury Secretary Steven Mnuchin leaves the office of Senate Majority Leader Mitch McConnell (R-KY) in the U.S. Capitol in Washington, DC on September 30, 2020.
Tasos Katopodis | Getty Images
House spokeswoman Nancy Pelosi and Treasury Secretary Steven Mnuchin will seek a coronavirus stimulus deal Thursday as further troubles emerge in the U.S. economic recovery.
After the two met in person on Wednesday to work out a fifth pandemic relief package, they said they would continue negotiations to reach an agreement. The House, which wanted to pass a $ 2.2 trillion Democratic bill on Wednesday night, delayed the vote until at least Thursday to give Pelosi and Mnuchin more time to work out a bipartisan plan that will go through both houses of Congress could.
It was unclear on Thursday morning whether the spokesperson and secretary would meet again in person. Senate majority leader Mitch McConnell has spoken out against Democratic legislation, which means it likely won̵
Pelosi sounded “frustrated” and “cheered” as he spoke about the state of the discussions during a conference call Thursday with Democratic Whips, a source told NBC News. The spokeswoman said the GOP does not “share our values” or want to put what it sees as needed money in state and local governments and healthcare, the source said.
During Wednesday’s meeting, Mnuchin offered a $ 1.6 trillion proposal – up from $ 1.3 trillion the White House accepted, according to NBC News. It includes $ 250 billion for state and local aid, $ 400 per week for additional unemployment benefits, $ 150 billion for education, $ 75 billion for Covid-19 testing and contact tracing, and $ 60 billion for rental and mortgage assistance, NBC reported.
Efforts to revive the auxiliary discussions follow weeks of pessimism about the ability of Congress to boost the US economy and health care system ahead of the November 3 election. Legislators haven’t passed new bailouts in months as Democrats and Republicans argue over how a package should be structured.
The outbreak continues to spread across the country, with an average of nearly 43,000 new cases per day for seven days in the United States. At the same time, many workers and companies are faltering as restrictions remain in place to slow the pandemic.
Initial jobless claims fell to 837,000 last week, a figure that is still higher than anything seen in recent American memory before the March shutdown. At the same time, American Airlines and United Airlines will be taking more than 32,000 workers together on vacation to receive federal aid.
Each stimulus contract is expected to be worth $ 25 billion to help airlines meet wage bills.
Companies like Disney and Royal Dutch Shell also announced plans to lay off employees this week.
Democrats and Republicans may find it difficult to overcome broad differences of opinion about how best to respond to the crisis. On Wednesday, McConnell said the sides were “very far apart”.
Among the differences, the Democrats have called for more than $ 400 billion in state and local aid – more than the $ 250 billion that the White House is offering. They have also tried to roll the extra unemployment benefits back to $ 600 per week, as opposed to the $ 400 proposed by the Trump administration.
Republicans also want corporate liability coverage that rejects Democrats.
Vulnerable Republicans and Democrats, due to be re-elected in November, have spurred their party leaders to take concrete action to respond to the crisis.
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