Pelosi says Democrats will give Mnuchin another aid from Bloomberg

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© Bloomberg. United States House Speaker Nancy Pelosi, Democrat of California, wears a protective mask during a press conference at the United States Capitol on Wednesday, September 23, 2020. The United States House passed a interim funding bill to keep the government in business until Dec. 11 after both parties in Congress and White House officials struck a deal to provide aid to farmers and food aid to low-income families. Photographer: Stefani Reynolds / Bloomberg

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(Bloomberg) –

President Nancy Pelosi said there was a chance she and Treasury Secretary Steven Mnuchin could still come to an agreement on a coronavirus stimulus package, and that Democrats would unveil a new “offer” soon.

“I trust Secretary Mnuchin to represent something that can achieve a solution, and I believe we are reaching an agreement,” Pelosi said of CNN’s “State of the Union”.

She added that if a deal was not reached soon, Democrats could vote on a home-only version of a coronavirus relief program, including funds for airlines and restaurants, and more funding. of the Paycheque Protection Program.

“The public is going to have to see why $ 2.2 (trillion), or now maybe $ 2.4 (trillion), is needed,” she said, adding that “denial of the virus by President Donald Trump and his resistance to doing anything to crush him made matters worse.

Discussion of a potential new House stimulus vote follows weeks of resistance by Pelosi to suggestions from moderate members that Democrats need to show Americans they have taken further action since their law was passed on heroes in May.

Democrats and the White House will need to step up the pace to complete a package ahead of the November 3 election after falling into a deadlock in early August with the two sides far apart.

Recently, Pelosi insisted that the White House accept at least $ 2.2 trillion in new aid, including funds for cash-strapped state and local governments and $ 600 a week in additional unemployment benefits.

Trump has indicated he could support up to $ 1.5 trillion in aid, more than the $ 650 billion presented in a “meager” aid package by Senate Republicans.

Pelosi pushed back CNN when asked if Democrats might offer to cut their figure even further. However, she also said the preference was to strike a real deal rather than just pass another bill in the House that died when it came to the Senate.

“I’d rather have a deal that puts money in people’s pockets than having a rhetorical argument,” Pelosi said. “What we’re going to come up with is an offer to say, now let’s negotiate in a time frame and a dollar amount to get the job done.”

© 2020 Bloomberg L.P.

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