President Trump has signed off on a roughly $1.8 trillion stimulus offer to be presented to Speaker Pelosi, two people with knowledge of the decision say, marking the highest topline dollar figure the administration has put on the table to this point.
The direct involvement of Trump himself and his willingness to put down an offer far above the preferences of congressional Republicans adds a dynamic new element to long-stalled negotiations. Trump, to this point, mostly relied on Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows to handle the details of the talks with Pelosi. The $1.8 trillion figure is up from a $1.6 trillion offer from earlier this week, though it remains below the $2.
Read MoreA wide-ranging package would attempt to address the twin economic and public health crises that continue to play out -- and top economic officials including Federal Reserve Chairman Jerome Powell have warned inaction could have dire consequences. Trump is getting increasingly desperate, sparking new fears for his healthBut whether the new White House offer will lead to a breakthrough in talks that for months have remained stuck in a ditch is unclear.
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