President Trump holds press conference after coronavirus stimulus package discussions stall, a day after executive order to ban TikTok.
Mnuchin said the president's executive actions may address at least three relief programs that were established in previous coronavirus legislation:: A $600 weekly unemployment benefit expired July 31, leaving many out-of-work Americans in a state of financial limbo. It's unclear whether the president may extend the benefit or lower it to a smaller amount, something many Republicans have requested.
Both sides had set a self-imposed deadline to come to an agreement by Friday. And the president, later Friday, said the White House would be"going in a different way." Republicans, in their own proposed stimulus package, had set aside nothing for local governments that saw their revenues gutted due to the pandemic. They argued many of the states needing funds were run by Democrats who for years had poorly managed budgets. The White House upped their offer to $150 billion during the negotiations, but it was quickly turned down by Democrats.
When asked about the next steps on a bill, Pelosi said she asked White House negotiators to come back"when you are ready to give us a higher number."
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