stimulus

House Speaker Nancy Pelosi clashed with CNN’s Wolf Blitzer over why Democrats haven’t accepted the Trump administration’s $1.8 trillion stimulus offer



a close up of a person wearing a costume: Speaker of the House Nancy Pelosi (D-CA) speaks during a press conference to mark the anniversary of the House passage of the 19th Amendment and women's right to vote, on Capitol Hill May 21, 2020 in Washington, DC. Drew Angerer/Getty Images


© Drew Angerer/Getty Images
Speaker of the House Nancy Pelosi (D-CA) speaks during a press conference to mark the anniversary of the House passage of the 19th Amendment and women’s right to vote, on Capitol Hill May 21, 2020 in Washington, DC. Drew Angerer/Getty Images

  • House Speaker Nancy Pelosi got into a heated argument with CNN’s Wolf Blitzer Tuesday as the host grilled her on the ongoing negotiations on a second COVID-19 relief package.
  • A second coronavirus relief bill has been stalled in Congress as the Senate and House failed to come to a consensus on the details of the proposal.
  • “Madame Speaker, I’m asking you this because so many people are in desperate need right now,” Blitzer said and asked why Pelosi had not yet reached out to President Donald Trump personally to negotiate.
  • “What makes me amused, if it weren’t so sad, is how you all think that you know the suffering of the American people [more] than those of us who are elected by them to represent them at that table,” Pelosi responded.
  • Visit Business Insider’s homepage for more stories.

House Speaker Nancy Pelosi clashed with CNN’s Wolf Blitzer in an interview Tuesday over continued delays in approving another coronavirus stimulus package.

Pelosi appeared on CNN Tuesday, where Blitzer grilled the House Speaker on why Democrats haven’t accepted the Trump administration’s $1.8 trillion stimulus offer.

A coronavirus relief bill has been stalled in Congress as the Senate and House failed to come to a consensus on the details of the proposal.

Pelosi has been in talks with the White House and Treasury Secretary Steven Mnuchin to negotiate a middle ground between House Democrats and the administration, but the conversations over several weeks have so far not produced a bipartisan package.

McConnell plans coronavirus aid vote as Pelosi says White House stimulus plan falls short

  • Senate Majority Leader Mitch McConnell plans a vote on limited coronavirus stimulus legislation based around the Paycheck Protection Program this month.
  • Meanwhile, President Donald Trump tweeted that lawmakers should “go big or go home” ahead of the 2020 election.
  • House Speaker Nancy Pelosi, who is negotiating a potential stimulus deal with Treasury Secretary Steven Mnuchin, said the latest White House proposal “falls significantly short” of what is need to address the crisis.



Mitch McConnell wearing a suit and tie: Senate Majority Leader Mitch McConnell (R-KY) speaks with Democratic challenger Amy McGrath during a debate on October 12, 2020 in Lexington, Kentucky.


© Provided by CNBC
Senate Majority Leader Mitch McConnell (R-KY) speaks with Democratic challenger Amy McGrath during a debate on October 12, 2020 in Lexington, Kentucky.

The Senate will vote on a limited coronavirus stimulus bill this month, Majority Leader Mitch McConnell said Tuesday, as lawmakers stumble in their push to send aid to Americans before the 2020 election.

In a statement, the Kentucky Republican said the Senate would take up aid legislation after the full chamber returns on Monday. McConnell called the plan “targeted relief for American workers, including new funding” for Paycheck Protection Program small business loans. Speaking at an event in his home state, he said the bill would also include money for schools, an unemployment insurance boost and liability protections for businesses.

McConnell said in his statement that the Senate would have enough time to both pass the relief proposal and confirm Supreme Court nominee Amy Coney Barrett “unless Democrats block this aid for workers.” Democrats have in recent days targeted Republicans for moving forward with Barrett’s nomination while millions of Americans left jobless by the virus outbreak await federal assistance.

Democrats, who blocked a roughly $500 billion Republican plan in the Senate last month, could dismiss the latest GOP proposal as inadequate. A spokesman for Senate Minority Leader Chuck Schumer did not immediately respond to a request to comment on whether Democrats

Nancy Pelosi blasts the White House’s $1.8 trillion stimulus offer and lists 8 areas with ‘deficiencies’



Nancy Pelosi wearing a blue shirt: The House passed a $2.2 trillion stimulus to help keep the US economy afloat during the coronavirus pandemic. Nicholas Kamm/AFP via Getty Images


© Nicholas Kamm/AFP via Getty Images
The House passed a $2.2 trillion stimulus to help keep the US economy afloat during the coronavirus pandemic. Nicholas Kamm/AFP via Getty Images

  • Speaker Nancy Pelosi ripped into the Trump administration’s virus relief proposal on Tuesday.
  • “A fly on the wall or wherever else it might land in the Oval Office tells me that the President only wants his name on a check to go out before Election Day and for the market to go up,” Pelosi said in a letter to House Democrats.
  • She listed eight areas where Democrats said it had “deficiencies,” among them state and local aid, virus testing, and tax credits for low-income individuals.
  • Visit Business Insider’s homepage for more stories.

Speaker Nancy Pelosi fiercely criticized the Trump administration’s $1.8 stimulus offer for the third time on Tuesday, and outlined eight areas where Democrats say the plan falls woefully short.

She argued that President Donald Trump’s interest in an economic relief package stems from a desire to send another wave of $1,200 stimulus checks and juice the stock market.

“A fly on the wall or wherever else it might land in the Oval Office tells me that the President only wants his name on a check to go out before Election Day and for the market to go up,” Pelosi said in a letter to House Democrats.

The White House plan includes $1,200 direct payments, $400 weekly federal unemployment benefits, $300 billion in aid to state and local governments, and funds for virus testing and tracing.

The California Democrat listed eight areas with significant “deficiencies:”

  • Aid to state and local governments.
  • Coronavirus testing.
  • Tax credits for families and low-income individuals.
  • Rental assistance.
  • Workplace protections and childcare.
  • Federal funds for states to conduct safe elections.
  • Relief for small businesses.
  • Census funding.

Stimulus Talks Remain Deadlocked as House Told No Votes Expected

(Bloomberg) — Prospects for a quick end to the stalemate over a new stimulus faded Monday with members of the House being told not to expect any action this week and many Senate Republicans rejecting the White House proposal for a deal.



Donald Trump wearing a suit and tie: U.S. President Donald Trump speaks from the Truman Balcony of the White House in Washington, D.C., U.S., on Saturday, Oct. 10, 2020. Trump, making his first public appearance since returning from a three-day hospitalization for Covid-19, is setting the stage for a return to the campaign trail even as questions remain about whether he’s still contagious.


© Bloomberg
U.S. President Donald Trump speaks from the Truman Balcony of the White House in Washington, D.C., U.S., on Saturday, Oct. 10, 2020. Trump, making his first public appearance since returning from a three-day hospitalization for Covid-19, is setting the stage for a return to the campaign trail even as questions remain about whether he’s still contagious.

President Donald Trump, well behind Democrat Joe Biden in every recent poll, again attempted to prod negotiations by urging the GOP by tweet to cut short confirmation hearings for his Supreme Court nominee, Judge Amy Coney Barrett, to focus on bolstering the economy.

Loading...

Load Error

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to talk more this week as they attempt to bridge the gap between the Democrat’s $2.2 trillion proposal and the administration’s $1.8 trillion counteroffer.

Even if they manage to strike a deal, there’s almost no chance of getting legislation written and passed by Congress before the Nov. 3 election, in which control of the White House and the Senate is at stake.

House Majority Leader Steny Hoyer, a Maryland Democrat, sent out a notice to lawmakers Monday saying “that due to the Trump Administration’s failure to reach an agreement on coronavirus relief, no votes are expected in the House this week.” The House is not in session this week and most members are away from Washington. But they remain on 24-hour standby, though, should an agreement be reached.



Donald Trump wearing a suit and tie: U.S. President Donald Trump speaks from the Truman Balcony of the White House in Washington, D.C., U.S., on Saturday, Oct. 10, 2020. Trump, making his first public appearance since returning from a three-day hospitalization for Covid-19, is setting the stage for a return to the campaign trail even as questions remain about whether he’s still contagious.


© Bloomberg
U.S. President Donald Trump speaks from the Truman Balcony of the White House in

White House, Democrats Both Support Coronavirus Stimulus Checks, Kudlow Expects Republicans To Fall In Line

KEY POINTS

  • House Speaker Nancy Pelosi said stimulus talks appear to be at a standstill
  • Larry Kudlow says talks are not dead 
  • Kudlow insisted the U.S. is in a V-shaped recovery but certain sectors still need help

White House economic adviser Larry Kudlow says he expects Republicans to fall in line if the White House reaches agreement with Democrats on the next round of coronavirus stimulus relief.

Negotiations appeared at a standstill after President Donald Trump agreed to boost the size of the package to $1.8 trillion – a move rejected by Democrats who called it inadequate and Republicans who said it was too expensive.

Kudlow told CNN’s “State of the Union” he talked with Treasury Secretary Steven Mnuchin Saturday night and is convinced stimulus talks are not dead, noting Senate Republicans unanimously passed their own version of coronavirus relief – albeit a modest $500 billion measure – and “they will go along with it” once a deal is struck between Democrats and the White House.

House Democrats earlier passed a $2.2 trillion package, a slimmed down version of the more than $3 trillion measure they approved in May.

“We’re asking for targeted assistance,” said Kudlow, ticking off a list: enhanced unemployment benefits, aid to small businesses and direct stimulus checks to individuals.

“Those are things everybody absolutely wants,” Kudlow said.

Among the sticking points is the size of enhanced unemployment benefits. Democrats wants Americans who lost their jobs due to the pandemic to receive an extra $600 a week – the same amount that was approved as part of the CARES Act in March – while the White House has supported $400 a week.

Democrats also want funds for cash-strapped state and local governments, which bore the brunt of coronavirus costs, help for schools for COVID-19 testing and cleaning,