Treasury Secretary Steven Mnuchin has become Washington’s latest pessimist on the odds of delivering a massive coronavirus relief package ahead of the Nov. 3 election in just three weeks
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But across Washington, a dose of political realism has begun to settle in, with lawmakers and top aides begrudgingly acknowledging that it will be virtually impossible to clinch a multitrillion-dollar package in the 20 days before the election. Senate Majority Leader Mitch McConnell has teed up a vote on a GOP aid bill next week, which would offer more money for unemployment insurance and provide funding for schools and hospitals, in addition to Paycheck Protection Program funding for small businesses.
But the negotiations remain stuck on several major disparities in funding — such as cash for state and local governments — and in policy. “We continue to have discussions, there’s a lot of details other than just the top-line number that we’re exchanging. We continue to make progress on certain issues, on certain issues we continue to be far apart,” Mnuchin said, calling for a “much more targeted approach.”
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