- Pelosi and Mnuchin to discuss the gap between Dem’s and GOP’s offers
- Pelosi to wait for a “full” package, but America needs immediate help
- Mnuchin to recycle leftover PPP funds, in favor of immediate relief
Between urging tweets for lawmakers to “go big” with COVID-19 relief, President Trump has been vocal on his plans to create the perfect package: “It’s very simple: I want to do it even bigger than the Democrats… I’d take all the votes you could get, whether it’s Democrat or Republican.” So, what’s the hold-up?
House Speaker Pelosi and Treasury Secretary Mnuchin are at a standstill when it comes to the logistics of a new package. Mnuchin has continuedly agreed to increase the White House’s maximum budget, now at $1.9 trillion, but it’s still a few pretty pennies shy of Democrats’ $2.2 trillion HEROES Act. Pelosi and Mnuchin met Tuesday to close the price gap and continue with what will hopefully be a final round of negotiations.
The major disagreements remain: how to protect businesses from liability and whether to provide state aid. Mnuchin is pushing to reallocate leftover PPP loan funds for immediate relief while Pelosi is adamantly against a standalone stimulus without a full relief package.
“The all-or-nothing approach is an unacceptable response to the American people,” said Mnuchin and Mark Meadows, White House Chief of State. Pelosi responded that the White House is in a current state of “complete disarray” but she feels “optimistic” that they will come to an agreement on specific language for a new bill. Unfortunately, Pelosi’s optimism will not expedite the legislation process, which is currently set to coincide with the Nov. 3rd election day deadline.
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Associate, Creative Solutions
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