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White House Open to Bigger Stimulus Bill as Mnuchin, Pelosi Talk

(Bloomberg) — The White House shifted tack on Thursday, signaling that the administration is again leaning toward a large-scale stimulus bill after House Speaker Nancy Pelosi pushed back on the idea of individual measures for parts of the economy hit by the Covid-19 crisis.

Treasury Secretary Steven Mnuchin told Pelosi in a 40-minute call that President Donald Trump wants agreement on a comprehensive stimulus package, according to Drew Hammill, a Pelosi spokesman.



House Speaker Nancy Pelosi Holds Weekly News Conference


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House Speaker Nancy Pelosi Holds Weekly News Conference

Nancy Pelosi at the Russell Senate Office Building in Washington, D.C., on Oct. 8.

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Photographer: Stefani Reynolds/Bloomberg

Meanwhile, White House spokeswoman Alyssa Farah said, “we’ve made very clear we want a skinny package,” though she later clarified that position, telling reporters the administration is “open to going with something bigger.” She reiterated opposition to the $2.2 trillion plan from House Democrats.

Prospects for coming to an agreement have proved volatile since Trump pulled his negotiators out of talks on a comprehensive package on Tuesday.

Stocks, too, have proved volatile, with airline shares rising and falling on shifting indications of the potential for a separate aid package for the industry. The broader S&P 500 Index climbed for a second session Thursday, after a tumble Tuesday, when Trump pulled his negotiators from stimulus talks.

Another Call

Mnuchin and Pelosi held a follow-up call Thursday afternoon with House Small Business Committee Chairwoman Nydia Velasquez and Financial Services Committee Chairwoman Maxine Waters about small businesses and access to capital.

The negotiations are proceeding against a frenzied backdrop, with the president recuperating from Covid-19 and the final stretch of the election campaign under way. Pelosi and Trump publicly questioned each other’s ability to perform their jobs on Thursday.

Read More: Pelosi and Trump Question Each Other’s Mental Faculties

The House speaker

She thought they were renovating the kitchen, he worked with a Seattle company on a bigger surprise

30 years into their marriage and nearly 20 years in the same house, Alvin and Joanne were ready for a refresh — not the marriage, Alvin emphasizes.

“It doesn’t feel like it’s been that long! We still feel like newlyweds who got married yesterday,” he says.

But the house was starting to feel a little dated, and the couple heard from a friend that Granite Transformations did really great work. As a former interior designer Joanne took the lead on most decisions, and then Alvin came up with a plan to celebrate their love at the same time.

“I said honey, I don’t think we can afford to do all this, and convinced her to postpone the fireplace and bathroom renovations. But of course in my head I thought ‘I’m going to make sure we get this done.”

Alvin worked with Granite Transformations to orchestrate a surprise, and they completed the bathroom and fireplace renovations while Joanne was away working as a flight attendant.

“The crew from Granite Transformations were great about working on the surprise. They’d bring paperwork to the school where I volunteer, separated invoices to keep things secret — things like that.”

Gorgeous transformation

Alvin emphasizes that his wife was the decision-maker for all the gorgeous design details, and he just said, ‘yes dear.’ But if he didn’t know her preferences, how did he pull together the surprise?

“The fireplace matches the marbled countertops in the kitchen, so that was a no-brainer,” Alvin says, and Joanne had already started to pick things out for the bathroom before they put the project on hold. “I said why don’t you put all your top picks in the folder for later on? And then I took all that to Granite Transformations.”

FURTHER READING: Your easy-clean kitchen never looked so good!