House on track to vote on $2.2 trillion stimulus plan from Democrats with no bipartisan deal in sight

The House of Representatives is on track to vote Thursday evening on a $2.2 trillion

The House of Representatives is on track to vote Thursday evening on a $2.2 trillion coronavirus stimulus proposal put forward by House Democrats with no bipartisan deal in sight even as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have continued talks in an effort to reach an agreement.

© Win McNamee/Getty Images
WASHINGTON, DC – APRIL 23: U.S. Speaker of the House Nancy Pelosi (D-CA) arrives at the U.S. Capitol on April 23, 2020 in Washington, DC. The House of Representatives is expected to vote later today on the latest economic stimulus package passed earlier in the week by the U.S. Senate. (Photo by Win McNamee/Getty Images)

Time is quickly running out to clinch a bipartisan agreement that could be signed into law as Democrats move forward to advance a plan that Republicans have rejected as too costly and is not expected to be taken up by the GOP-held Senate.

Pelosi and Mnuchin spoke by phone on Thursday afternoon, marking the latest discussion between the top stimulus negotiators, but after the call there was no deal at hand.

Drew Hammill, Pelosi’s deputy chief of staff, tweeted later that during the call “the two discussed further clarifications on amounts and language but distance on key areas remain. Their conversation will continue this afternoon.”

In an indication of how challenging it may be to reach a bipartisan agreement at this point, Pelosi, on a private call with the House Democratic whip team Thursday morning, sounded very down about the prospects of a deal for a new stimulus package to respond to the Covid-19 pandemic and its economic fallout, according to two people on the call.

Pelosi repeatedly spoke of the “different values” held by Democrats and Republicans, making clear that even the latest offer from Treasury Secretary Steven Mnuchin fell far short of what was needed to deal with her view of the scale of the current economic issues.

Pelosi’s framing on the private call earlier Thursday tracks with the criticism she’s leveled at Republicans during stimulus negotiations for months — that the Trump administration simply isn’t willing to do what’s necessary on the fiscal side of things to address the depth of the economic problems created by the pandemic.

Republicans say it is now up to Pelosi to counter the roughly $1.6 trillion proposal Mnuchin put on the table Wednesday, which is hundreds of billions of dollars away from the roughly $2.2 trillion plan House Democrats could vote on as soon as later Thursday.

Video: Pelosi: Dems will propose new covid relief plan shortly (CNN)

Pelosi said during her weekly news conference that she is “hopeful that we can reach agreement” on a bipartisan deal, but nevertheless made clear that the two sides are not on the same page on key issues.

“We’re kind of in the ballpark on some things,” Pelosi said, but added, “still way off in terms of state and local government.” She also said that Democrats “have concerns about a sufficient amount of money to address the unemployment insurance needs of the American people.”

Both the White House and House Democratic leaders are struggling with internal party divisions over how to move forward in the stimulus talks.

For months, moderate Democrats in the House have been pushing their leadership to go back to the table and get a deal with the White House on stimulus rather than forging ahead with another Democratic-only package. Multiple sources familiar tell CNN that as it stands now roughly a dozen House Democrats could vote against the revised Democratic HEROES act if it is put on the floor later Thursday.

Fourteen Democratic members voted against the original HEROES Act back in the spring, arguing it was not a plan that was going to be signed by the President. House leaders are confident they’ll still have the votes, but the tension underscores why Democratic leaders wanted to give talks between Pelosi and Mnuchin one more day to materialize.

Those talks are still a long way away from leading to a deal.

On the Senate side, GOP lawmakers are growing uncomfortable with reports that Mnuchin is stretching beyond $1.5 trillion in his offer to Pelosi. Multiple GOP senators told CNN that number could be a major issue, forcing Senate Majority Leader Mitch McConnell to eventually choose if he is willing to put a bill on the floor that loses a large number of his members.

“Anything above $1 trillion would be difficult,” said Sen. Chuck Grassley, the chairman of the Senate Finance Committee and an Iowa Republican. “There’s a real revulsion among Republicans to going above $1 trillion and even $1 trillion is real difficult.”

This story has been updated with additional developments Thursday.

Continue Reading

Source Article

Exit mobile version