offer

White House ups virus aid offer, resumes talks with Pelosi

WASHINGTON (AP) — The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day, even as President Donald Trump’s most powerful GOP ally in the Senate said Congress is unlikely to deliver relief by then.

Trump on Friday took to Twitter to declare: “Covid Relief Negotiations are moving along. Go Big!” A top economic adviser said the Trump team was upping its offer in advance of a Friday conversation between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. The two spoke for more than 30 minutes Friday afternoon, said Pelosi spokesman Drew Hammill.

A GOP aide familiar with the new offer said it is about $1.8 trillion, with a key state and local fiscal relief component moving from $250 billion to at least $300 billion. The White House says its most recent prior offer was about $1.6 trillion. The aide requested anonymity because the negotiations are private.

“I would like to see a bigger stimulus package than either the Democrats or Republicans are offering,” Trump said on Rush Limbaugh’s radio show Friday. Earlier this week, Trump lambasted Democrats for their demands on an aid bill.

Pelosi’s most recent public offer was about $2.2 trillion, though that included a business tax increase that Republicans won’t go for.


But GOP Senate Majority Leader Mitch McConnell told an audience in Kentucky that he doesn’t see a deal coming together soon out of a “murky” situation in which the participants in the negotiations are elbowing for political advantage.

“I’d like to see us rise above that like we did in March and April but I think it’s unlikely in the next three weeks,” McConnell said. McConnell said later that “the first item of priority of the Senate is the Supreme Court,” suggesting there

Trump Raises Stimulus Offer to $1.8 Trillion

WASHINGTON — The White House moved aggressively on Friday to revive stimulus talks that President Trump had called off just days earlier, putting forward its largest offer for economic relief yet as administration officials and embattled Republican lawmakers scrambled to avoid being blamed by voters for failing to deliver needed aid ahead of the election.

The new proposal’s price tag of $1.8 trillion, which Treasury Secretary Steven Mnuchin presented to Speaker Nancy Pelosi in a roughly 30-minute phone call, was nearly double the original offer the administration put forward when talks began in late summer.

It was the latest indication that the White House was eager to backtrack from Mr. Trump’s decision on Tuesday to abruptly halt negotiations, and it reflected a growing sense of dread both at the White House and among vulnerable Senate Republicans facing re-election about the political consequences of his actions. The offer also highlighted the deep and persistent divisions among Republicans — most of whom have balked at a large new federal infusion of pandemic aid — that have complicated the negotiations for months.

Now, with Mr. Trump pressing to “Go Big,” as he put it in a tweet on Friday, he has raised the prospect of pushing through a plan that his own party refuses to accept, giving Ms. Pelosi and Democrats fresh leverage to dictate the terms of any deal.

On Friday, she was continuing to hold out for more concessions. While Mr. Mnuchin’s latest offer “attempted to address some of the concerns Democrats have,” Drew Hammill, a spokesman for Ms. Pelosi, said it did not include an agreement on a national strategy for testing, tracing and other efforts to contain the spread of the virus, which the speaker has pushed for in recent weeks. “For this and other provisions, we are still

White House Floats $1.8 Trillion Stimulus Offer in Last-Ditch Effort: Live Updates

Credit…Pete Marovich for The New York Times

The White House, seeking to revive stimulus talks that President Trump called off just days ago, planned on Friday to put forward its largest offer for economic relief yet, as some Republicans worried about being blamed by voters for failing to deliver needed aid ahead of the election.

The new proposal, for Treasury Secretary Steven Mnuchin to present to congressional Democrats, would increase the White House’s plan for coronavirus stimulus to $1.8 trillion.

The president “would like to do a deal,” Larry Kudlow, director of the National Economic Council, said on the Fox Business Network on Friday, in the latest head-snapping turn in the on-again-off-again negotiations. The overall price tag of the offer was confirmed by two people familiar with the discussions, who spoke on condition of anonymity to disclose details of the talks.

Fanning the sense of optimism, Mr. Trump wrote on Twitter: “Covid Relief Negotiations are moving along. Go Big!”

The prospects of a compromise remained remote, however, given the opposition of many Republicans to another large infusion of federal virus aid. Speaking to reporters in Kentucky, Senator Mitch McConnell, the majority leader, cast doubt on the chances of a deal, saying political divisions remained too deep less than a month before Election Day.

“The situation is kind of murky and I think the murkiness is a result of the proximity to the election and everybody kind of trying to elbow for political advantage,” Mr. McConnell said. “I’d like to see us rise above that like we did back in March and April, but I think that’s unlikely in the next three weeks.”

Yet the White House was working

White House ups offer in virus aid before talks with Pelosi

WASHINGTON (AP) — The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day, even as President Donald Trump’s most powerful GOP ally in the Senate said Congress is unlikely to deliver relief by then.

Trump on Friday took to Twitter to declare, “Covid Relief Negotiations are moving along. Go Big!” A top economic adviser said the Trump team is upping its offer in advance of a Friday conversation between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi.

A GOP aide familiar with the new offer said it is about $1.8 trillion, with a key state and local fiscal relief component moving from $250 billion to at least $300 billion. The White House says its most recent offer was about $1.6 trillion. The aide requested anonymity because the negotiations are private.

Pelosi’s most recent public offer was about $2.2 trillion, though that included a business tax increase that Republicans won’t go for.


But GOP Senate Majority Leader Mitch McConnell told an audience in Kentucky that he doesn’t see a deal coming together soon out of a “murky” situation in which the participants in the negotiations are elbowing for political advantage.

“I’d like to see us rise above that like we did in March and April but I think it’s unlikely in the next three weeks,” McConnell said.

He spoke after Trump apparently performed an about-face, empowering Mnuchin to resume negotiations with Pelosi, D-Calif., on a larger, comprehensive coronavirus relief package despite calling off the talks just days before.

White House economic adviser Lawrence Kudlow told reporters Friday that “developments are positive” and that “the bid and the offer have narrowed” in advance of a telephone conversation later Friday between Pelosi and Mnuchin.

McConnell remains a skeptic that a deal

White House Increases Fiscal-Stimulus Offer to $1.8 Trillion

(Bloomberg) — The White House plans to offer a $1.8 trillion stimulus proposal in talks Friday between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi, as a top Republican expressed skepticism any deal could get through Congress before the election.

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After walking away from talks with Democrats earlier this week, President Donald Trump has reversed course and is now looking for a deal with the election three weeks away and polls showing him trailing Democrat Joe Biden.

“The president has approved a revised package. He would like to do a deal,” Trump economic adviser Larry Kudlow said Friday on Fox Business. “It will be relatively broad based but I can’t go through details.”

Three people familiar with the matter said the White House is increasing its proposal to $1.8 trillion from the roughly $1.6 trillion Mnuchin previously brought into negotiations. Pelosi is proposing the $2.2 trillion package the House has already approved.

Stocks jumped after Kudlow’s remarks, with the S&P 500 Index up 1% as of 12:25 p.m. They had tumbled on Tuesday, when Trump pulled his team from stimulus negotiations.

McConnell Skeptical

Kudlow spoke a short time after Senate Majority Leader Mitch McConnell said there’s probably not enough time before the election to bridge the “vast” differences on a new virus relief package.

“I believe that we do need another rescue package, but the proximity to the elections and the differences of opinion about what is needed are pretty vast,” McConnell said at an event in his home state of Kentucky.



a man in a suit standing in front of a building: Pelosi, Mnuchin Trade Stimulus Plans To Bridge Stubborn Divides


© Bloomberg
Pelosi, Mnuchin Trade Stimulus Plans To Bridge Stubborn Divides

Mitch McConnell departs a television interview in the Russell Senate Office Building in Washington, D.C., U.S. on Oct. 6.

Photographer: Stefani Reynolds/Bloomberg

Even if there is an agreement, it would take time to write