“I think the V-shaped recovery is very much intact,” NEC Director Larry Kudlow said earlier today.
Pelosi and Mnuchin spoke for 50 minutes on Tuesday morning and "went over the provisions" of the latest proposal, the speaker's spokesman Drew Hammill said. While the pair agreed to talk again Wednesday, it is unclear if they moved any closer to a compromise.
In an interview with MSNBC, Pelosi called the conversation with Mnuchin "positive." Asked if the House would vote on its bill, the California Democrat said she hopes "we will come to a bipartisan agreement that will remove all doubt that the legislation will pass and be signed by the president." Writing to House Democrats on Monday night, Pelosi said her party is "making good on our promise to compromise with this updated bill" because it cuts more than $1 trillion from their original plan.
U.S. Treasury Secretary Steven Mnuchin, left, and White House Chief of Staff Mark Meadows speak to reporters in the U.S. Capitol in Washington, U.S. July 29, 2020.Republicans have in particular fought against sending additional relief to states and municipalities. The White House has proposed $150 billion in new aid to states and localities.
The push to rejuvenate stimulus talks follows growing doubts about Congress' ability to approve another aid package before the Nov. 3 election, when both parties will try to at least keep control of a chamber of Congress. Political considerations played a huge role in the discussions, even before the Senate started wrestling over whether to confirm President
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