Sunday, October 11, 2020

WH Draws Up New $1.8 Trillion Virus-Relief Proposal; 'Insufficient': Pelosi rejects latest White House aid offer, and other C-Virus Updates

Photo: Evan Vucci/Associated Press
White House Draws Up New $1.8 Trillion Virus-Relief Proposal
Revised offer is largest bid Trump administration has made to Democrats over months of talks
The White House substantially increased its offer to Democrats on a coronavirus-relief package, further closing the gap between the parties in the on-again, off-again effort to pass new aid for households and businesses before the election.
Treasury Secretary Steven Mnuchin presented to House Speaker Nancy Pelosi (D., Calif.) a proposal of more than $1.8 trillion on Friday, in the largest bid the Trump administration has made to Democrats over months of talks.
The new offer marked the latest unexpected turn in a volatile week of negotiations. In the span of three days, President Trump went from shutting down the discussions to reviving them with his biggest offer to date.
“Covid Relief Negotiations are moving along. Go Big!” Mr. Trump said in a tweet Friday.
White House spokeswoman Alyssa Farah told reporters the White House offer was around $1.8 trillion. A person familiar with the proposal said it included $1.88 trillion in spending, with about $400 billion of the funds reallocated from unspent money from earlier relief legislation, bringing the total cost to about $1.5 trillion.
Any deal would face hurdles to passage before Election Day. The Senate is focusing on confirming Supreme Court nominee Amy Coney Barrett in the remaining weeks. Even if the Trump administration and Mrs. Pelosi come to terms, many Senate Republicans oppose another major round of aid, making passing a new deal quickly difficult.
Mrs. Pelosi and Mr. Mnuchin spoke for about 30 minutes Friday afternoon about a GOP plan that “attempted to address some of the concerns Democrats have,” according to a spokesman for Mrs. Pelosi. The spokesman said negotiations are still seeking an agreement on language on a Covid-19 public-health plan, as well as the overall funding level. --->READ MORE HERE
© Provided by Washington Examiner
'Insufficient': Pelosi rejects latest White House aid offer
It’s looking far less likely that Congress will pass a new coronavirus aid package in 2020.
House Speaker Nancy Pelosi again rejected a White House compromise offer on a coronavirus aid package, telling fellow Democrats in a letter Saturday that “the Trump proposal is insufficient.”
President Trump on Friday signed off on a $1.8 trillion proposal that White House negotiators hoped would facilitate a deal with Democrats, who control the House.
While the offer proves $200 billion more than a previous package offered by the Trump administration, it’s far short of the $2.4 trillion Pelosi had been asking for in private talks with Treasury Secretary Steven Mnuchin. It’s also far less than the $2.2 trillion measure that House Democrats passed earlier in September. --->READ MORE HERE
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