Mnuchin decides to relaunch stimulus talks with Democratic leaders

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(Bloomberg) – Treasury Secretary Steven Mnuchin has said he will try to revive stalled stimulus talks with Congressional Democrats, the first sign in weeks of a possible move on virus relief in recent days of the Trump administration.

Mnuchin said he would meet with Senate Majority Leader Mitch McConnell and House GOP Leader Kevin McCarthy on Friday about a strategy on an approach to President Nancy Pelosi and the Democratic Senate Leader Chuck Schumer.

“We’re going to come up with a plan to sit down with Pelosi and Schumer and try to get a targeted bill passed for the people who really need it, and I hope the Democrats work with us and I hope that will be done. “, Mnuchin said on CNBC.

Pelosi and Schumer wrote to McConnell this week asking him to return to the negotiating table on a stimulus bill, but have so far given no indication that they are willing to reduce their demands for a ticket. of $ 2.4 trillion.

McConnell has repeatedly said that the starting point for talks should be the $ 500 billion measure backed by Senate Republicans, which would not provide direct stimulus payments of $ 1,200 or aid to state governments. and local.

On Thursday, aides to Pelosi, McConnell, Schumer, and McCarthy gathered to discuss a separate $ 1.4 trillion regular government funding bill needed to keep government open after December 11. Some lawmakers have suggested that a stimulus package could be added to this bill as time runs out before the Christmas recess for Congress to vote on a deal. Congress resumes on November 30 and is expected to adjourn no later than December 18.

© 2020 Bloomberg L.P.

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