Pelosi gives White House 48 hours to reach a deal on stimulus

Elias Hubbard
October 19, 2020

Pelosi spent much of the interview talking about negotiations between Democrats and Republicans over the next pandemic response package, saying they have 48 hours to reach a deal in order to pass legislation before November's election. Though that meeting had some hoping an agreement could finally be reached, the House Speaker says language changes from the White House are not the promised "light touch", but rather a "deep dive".

"There remains an array of additional differences as we go provision by provision that must be addressed in a comprehensive manner in the next 48 hours", Drew Hammill, a spokesman for Pelosi, said on Twitter on Saturday night.

"On this subject where we have agreement, we don't have agreement on the language yet, but I'm hopeful", Pelosi said.

She repeated that optimism later in a letter to members of the House Democratic Caucus.

As the debate over a new stimulus bill continued, Raphael Bostic, chief executive of the Atlanta Federal Reserve Bank, said Sunday that the economy has yet to come back in many areas and for many people, particularly low-income residents.

"In some segments, the economy is recovering and rebounding in a very robust way but in other segments, things like hotels and restaurants, small businesses, particularly in minority and low- income communities, those places are seeing much more hard situations", Bostic said on CBS' "Face the Nation".

"Those segments where we're not seeing that recovery, that's really what I'm concerned about as we move forward", he said. "He may do this, he may grant, he may withhold".

One of the remaining gaps between Mnuchin and Pelosi is the matter of testing. If Pelosi would go along with the administration's offer, "I think they would too on stimulus", he told reporters in Reno.

Boehner, now a senior strategic adviser at lobbying and law firm Squire Patton Boggs, said if Trump wins it's likely that a smaller stimulus bill will be included in government funding legislation that has a December 11 deadline. However, she put the spotlight on the White House to actually make the deal come together.

The Senate majority leader, Mitch McConnell, R-Ky., has said he does not believe he can sell a package of more than $1 trillion to conservative Senate Republicans, which is less than half the size of the bill House Democrats have proposed.

While Pelosi and Treasury Secretary Steven Mnuchin and their staffs press on with negotiations, McConnell is moving ahead with $500 billion Republican-only plan that would renew a small business loan program and provide expanded unemployment benefits, school aid and money for virus testing, among other provisions.

Other reports by Click Lancashire

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