- Chamber President Nancy Pelosi on Tuesday appears to have gone back to the deadline she set for making a stimulus deal with the White House.
- “It’s not that this is the day we’ll have a deal,” she told Bloomberg television. “It’s a day when we will have our conditions at the table so we can move on to the next step.”
- Negotiations continue, but many Republicans in the Senate are reluctant to support a multimillion-dollar stimulus deal between the White House and Democrats.
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Parliament Speaker Nancy Pelosi said on Tuesday that the deadline she set for negotiating an agreement to stimulate the election campaign was not in fact a deadline at all.
In an interview with Bloomberg TV, the California Democrat said he was “optimistic”
“Not that this day is the day we will have a deal,” she said. “This is a day when we will have our conditions at the table so that we can move on to the next step. Legislation takes a long time.”
She added that a specific legislative language would soon have to be agreed if lawmakers voted on a relief bill by the end of next week. Pelosi’s office did not immediately respond to a request for comment.
Read more: Why Republicans think it’s a good idea to take advantage of the pre-election stimulus
President Donald Trump has stepped up calls for a major government bailout over the past week. He said in an interview with Fox News on Tuesday that he could support a $ 2.2 trillion economic aid plan that Democrats are seeking.
Still, Republicans are cool about the prospect of another $ 2 trillion stimulus package with two weeks left until election day.
“You never know what’s going to happen here at the last minute, but it’s happening at the last minute, and the clock keeps ticking,” Sen. Richard Shelby, chairman of the Senate Budget Committee, told Capitol Hill reporters on Tuesday. “I’m not optimistic about that.”
Read more: A $ 2.5 billion investment chief highlights stock market sectors that are ready to reap the most if stimulus is passed after the election – and says ending Trump’s talks does not threaten economic recovery
Democrats and the Trump administration will still have to bridge significant differences on important issues such as federal unemployment benefits, testing and state aid. There are also significant spending gaps, most recently the White House offering relief of about $ 1.8 trillion, $ 400 billion less than the Democrats’ proposal.
The state Republican Senate is preparing to vote this week on a set of stand-alone bills that Democrats are likely to dismiss as inadequate. Senators will vote Tuesday to renew the Wage Protection Program to support small businesses, followed by a $ 500 billion economic aid bill on Wednesday.