I'm a breaking news reporter for Forbes focusing on economic policy and capital markets. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are continuing to hash out the terms of the next federal coronavirus aid bill this week, but progress is slow.Visitors Center at the U.S. Capitol on October 01, 2020 in Washington, DC.Pelosi and Mnuchin spoke over the phone on Monday for an hour to “discuss the justifications for various numbers” in the new bill, according to Pelosi spokesperson Drew Hammill.
In a call with House Democrats Monday evening, Pelosi said talks with Mnuchin are progressing “very slowly,”Hammill said the two top negotiators, who suddenly resumed urgent conversations last week after negotiations fell apart in August, plan to speak again Tuesday. between Democrats and the White House and GOP.
The clock is ticking for Congress to pass an aid bill before November, with just 28 days before the election and any Senate votes delayed until at least October 19 because of positive coronavirus tests among Republican senators. 4.9 million. That’s how many people will cross the government’s long-term joblessness threshold over the next two months, according to Labor Departmentreleased last week. While job losses have slowed since the peak of the pandemic and the U.S.
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