Nancy Pelosi withdraws Tuesday deadline for stimulus deal with White House

  • House Speaker Nancy Pelosi appeared to roll back the deadline to fix the broker for an incentive deal with the White House on Tuesday.
  • “It’s not that this day is the day we’ll make a deal,” she said in a Bloomberg TV interview. “This is a day when we will put our conditions on the table to be able to move to the next step.”
  • Negotiations are ongoing, but many Senate Republicans are reluctant to support a multitillion-dollar stimulus agreement between the White House and Democrats.
  • For more stories visit the Business Insider homepage.

House Speaker Nancy Pelosi said on Tuesday that the deadline she set for a stimulus stimulus deal was not, in fact, a deadline.

During a Bloomberg TV interview, the California Democrat said she was “optimistic” about progress in discussions with White House chief negotiator Treasury Secretary Steven Menuchin. But she appeared to walk back the 48-hour deadline set on Sunday to broker an agreement.

“It’s not like this day is the day we’ll make a deal,” she said. “This is a day when we will put our conditions on the table to be able to move to the next step. Legislation takes a long time.”

He said that if legislators were to vote on the relief bill by the end of next week, there would be a need to agree on specific legislative language soon. Pelosi’s office did not immediately respond to a request for comment.

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President Donald Trump has taken steps for a major government rescue package in the past week. On Tuesday, he said in a Fox News interview that he could support a larger $ 2.2 trillion economic aid plan that Democrats are seeking.

Still, Republicans are chilly on the prospect of another nearly $ 2 trillion stimulus package, with two weeks left until election day.

Sen. Richard Shelby, chairman of the Senate Appropriations Committee, told reporters on the Capitol, “You never know what’s going to happen here at the last minute, but it’s happening towards the last minute, and the clock is ticking.” Hill on Tuesday. “I’m not optimistic about doing anything.”

Read more: The head of the $ 2.5 billion investment highlighted the areas of the stock market to benefit the most if the impetus is passed after the election – and says Trump’s end of negotiations does not threaten economic recovery

Democrats and the Trump administration still have to overcome significant differences on key issues such as federal unemployment benefits, testing, and aid to states. There is also a considerable difference in spending, with the White House ultimately offering $ 1.8 trillion, $ 400 billion less than the Democrats’ proposal.

The Republican-occupied Senate is preparing to vote this week on a set of stand alone bills that are likely to be inadequate for Democrats. Senators set to vote on Tuesday to renew the paycheck protection program to help small businesses, then on Wednesday on a $ 500 billion economic aid bill.

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