Trump, Pelosi and McConnell remain divided on a deal.
Americans should not expect the effects of a coronavirus relief package to take place before the Nov. 3 election, even if a deal on a package is soon reached, White House economic advisor Larry Kudlow said Friday, adding at this point it would be “almost impossible” to implement given the time constraint.... [+]ASSOCIATED PRESSthat having only 18 days left until the election essentially rules out executing a “grand, large deal”.
There’s no sign a deal is imminent, though, since President Donald Trump’s negotiators including Treasury Secretary Steve Mnuchin and Mark Meadows, House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell remain split on the details of the next package and how much the federal government should spend.to any potential deal at this point, since he says both the White House and Democratic plans cost “a much larger amount than I can sell to my members.
The White House has proposed a $1.8 trillion package, while Democrats currently have a plan that would cost $2.2 trillion.than the $1.8 trillion the White House has proposed, even though McConnell says such a deal would not have the support of Republicans in the Senate.“Even if you made a deal, it would be almost impossible to execute. Maybe some of it could be executed, but you certainly couldn't get a grand, large deal,” Kudlow said., yet alone implement one, before Nov.
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