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Pelosi believes coronavirus relief deal is still possible

House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill on September 10, 2020.

Ting Shen / Xinhua via Getty Images

House tenant Nancy Pelosi Sunday said another coronavirus a stimulus package is possible as House Democrats try to go ahead with a smaller aid program costing about $ 2.4 trillion, which is about $ 1 trillion less than their original proposal, but more than what the Trump administration has announced it will accept.

Stimulus talks between House Democrats and the Trump administration collapsed in early August, though the Treasury Secretary Steven Mnuchin said he and Pelosi had agreed to resume talks.

The chamber could vote on the bill as early as next week. The legislation will include unemployment benefits, direct payments to Americans, paycheck protection program small business loans, and airline assistance.

Pelosi, facing increasing pressure from moderate Democrats, tried to convince Mnuchin and Chief of Staff of the White House Mark Meadows to increase the administration’s supply of $ 1.3 trillion an additional $ 1 trillion. However, Mnuchin reported earlier this month that the administration would not approve a plan greater than $ 1.5 trillion.

“When I have a conversation with the administration, it is in good faith. I trust Secretary Mnuchin to represent something that can come to a solution, and I believe we can come to an agreement,” said Pelosi in an interview on CNN.

“However, at some point the public will have to see why $ 2.2 or now $ 2.4 trillion is needed,” Pelosi added. “The president’s refusal of the virus and his just resistance to doing anything to crush it has made matters worse … So we may need more money than that. And we’ll reveal what it is. is in a short time. ”

Pelosi has previously said House Democrats will not leave Washington for re-election efforts until they take stimulus measures. As the coronavirus continues to spread in the United States, jobless claims jumped to 870,000 last week and stock markets remain volatile.

Senate Republicans This month, did not advance a $ 500 billion aid package despite democratic objections that it was insufficient because it did not include, among other things, relief and food aid from local and state governments.

“I think we have a chance to do something and we want to,” Pelosi said. “What we’re going to come up with is an offer to say, now let’s negotiate a time frame and a dollar amount to do the job of putting money in people’s pockets, honoring our heroes and d ‘crush the virus. ”

– CNBC’s Jacob Pramuk contributed reporting

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