COVID submits counterfire on relief bill in meeting with Meluchin Pelosi

Washington – Treasury Secretary Steven Menuchin met with Speaker Nancy Pelosi on Wednesday afternoon to introduce the Trump administration’s coronovirus relief proposal, according to a Democratic aide, after House Democrats revealed their $ 2.2 million package earlier this week.

Mnuchin and Pelosi met for about an hour and a half and then Mnuchin went to the office of Majority Leader Mitch McConnell of the Senate.

Pelosi said in a statement after the meeting, “Today, there was a wide-ranging conversation between Secretary Mnuchin and I and we explored areas where we are seeking further clarification. Our conversation will continue.” “We will proceed tonight with our vote on the updated Acts to formalize our professor for Republicans in negotiations to address health and economic catastrophe in our country.”

The House passed a 3.4 trillion resolution called the HEROES Act in May, but Republicans refused to consider the bill in the Senate. Democrats in the Senate blocked a Republican proposal costing $ 500 billion, arguing that it was insufficient.

On Monday, House Democrats unveiled a revised version of the HEROES Act, which would cost approximately $ 2.2 trillion. There will also be an updated act Include a round of direct payment $ 600 weekly benefit for American families, and in addition to unemployment insurance. The bill provides for $ 225 billion in education and $ 436 billion in federal aid to state and local governments.

McConnell said Wednesday that the $ 2 trillion proposal by Democrats was “too much” and “outlandish”, indicating that he would not support the legislation.

After the meeting with McConnell, Menuchin told reporters that the negotiators had “made a lot of progress in a lot of areas.”

“We have work to do and we’re going to see where we’ll end up,” Munnuchin said. “We’re going back and work a little more.”

Mnuchin said in an interview with CNBC on Wednesday that he “hopes” there could be a deal.

“I think we’re going to try to give it a more serious look and I think we’re hoping that we can do something,” Mnuchin said.

Mnuchin said that his proposal resembles the framework that the bipartisan House problem Solvers Caucus Earlier this month, Which put a price tag of around $ 2 trillion. Pelosi and several House committee leaders rejected the plan, arguing that “what is needed to save lives and boost the economy falls short.” The Problem Solverus Caucus proposal included another round of $ 1,200 direct payments to Americans, a $ 450 benefit on top of unemployment insurance, and more money for a paycheck protection program.

Mnuchin and Pelosi were involved in unsuccessful negotiations over the summer for a COVID-19 relief bill. Pelosi and Senate Minority Leader Chuck Schumer said they were Ready to reduce their offer From Republicans $ 1 trillion if Republicans raised $ 1 trillion, meaning they would support legislation that would cost about $ 2 trillion. It is unclear whether House Democrats would be ready to consider a proposal by Mnuchin that cost under $ 2 trillion.

Pelosi and Mnuchin resumed negotiations on the coronovirus proposal earlier this week.

Some House Republicans have also been told that they see backer room dealing as a way to draft any legislation.

“Classic Swamp … I’m hearing from K Street of a ‘deal’ between Mnuchin and Pelosi. Like you learned how bills become a law, huh? It’s not ‘Swamp’, it’s Swamp … And hopefully @realDonaldTrump will rein in Mnuchin, “GOP Congressman Chip Roy Tweeted Wednesday morning.

If Pelosi and Mnuchin come to an agreement, the bill would have to be passed by the House by the end of the week, as members of Congress would return to their districts to campaign for the remainder of October. It is unclear whether such legislation would be approved in the Republican-controlled Senate.

Kimberly Brown contributed to this report.


Leave a Reply

Your email address will not be published.