Tuesday, February 7, 2023

Pelosi, Mnuchin Hold Talks Over Stimulus, but Impasse Remains

House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steve Mnuchin continue to push for a bi..

By Sunday Herald Team , in US Politics , at September 3, 2020

House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steve Mnuchin continue to push for a bipartisan deal on COVID-19 stimulus, but the top Democrat said that negotiations have persistently exposed differences between the two sides.

Mnuchin and Pelosi had a conversation Sept. 1 after negotiations stalled in August, and legislators are slated to return to Capitol Hill in the coming days following a weekslong break.

In a statement in front of a House panel, Mnuchin stressed the urgency of passing a new stimulus bill to bolster small businesses while calling on the governors of some states to reopen their economies in the wake of the CCP virus pandemic.

On the evening of Sept. 1, Pelosi said in a statement that her phone call with Mnuchin “made clear that Democrats and the White House continue to have serious differences understanding the gravity of the situation that Americas working families are facing.”

“House and Senate Democrats have repeatedly offered to compromise,” she said. “Over a month ago, we said that we would be willing to cut a trillion dollars from the Heroes Act if the White House would add one trillion to the Senate bill.”

Democrats in the House passed the $3.4 trillion HEROES Act in May, which Senate Republicans said would be “dead-on-arrival” and contained too many socialist provisions unrelated to the CCP virus pandemic. Other Republicans and White House officials also argued that the bill would add too much to the federal deficit.

(L–R, rear) Senior adviser Jared Kushner, Secretary of the Treasury Steven Mnuchin, national security adviser Robert OBrien and others clap for President Donald Trump (L) after he announced an agreement between the United Arab Emirates and Israel to normalize diplomatic ties, at the White House on Aug. 13, 2020. (Brendan Smialowski/AFP via Getty Images)

Pelosi reiterated in her statement that Democrats are “willing to go down” about $1.2 trillion dollars to a minimum of $2.2 trillion, mirroring the sum of the CARES Act passed in March.

But Mnuchin, in front of the House panel, said he does “not support $2.2 trillion.” Republicans previously unveiled a $1 trillion bill in late July that notably omits federal funding to state and local Read More From Source

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The Epoch Times

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