- We are going to come up with a plan to sit down with Pelosi and Schumer and try to get a targeted bill done for the people that really need it.
- Mnuchin believes that House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer may be more willing to compromise after the election
- The two parties in the United States have been trying to pass a new round of economic stimulus measures for months, but there are few signs of reaching an agreement
US Treasury Secretary Steven Mnuchin said on Friday that he and senior Republican lawmakers will try to draft a targeted stimulus package with the Democratic Party in the coming weeks. Steven Mnuchin believes that House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer may be more willing to compromise after the election.
Mnuchin said that he and White House Chief of Staff Mark Meadows will meet with Senate Majority Leader Mitch McConnell and House Minority Leader Kevin-later on Friday.
He said: “I can tell you Mark Meadows and I will be speaking with Mitch McConnell and Kevin McCarthy this morning,” he said. “And we are going to come up with a plan to sit down with Pelosi and Schumer and try to get a targeted bill done for the people that really need it. And hopefully, the Democrats will work with us.”
Spokespersons for Pelosi and Schumer did not immediately respond to media requests for comment. The two parties in the United States have been trying to pass a new round of economic stimulus measures for months, but there are few signs of reaching an agreement.
Many of the measures in the $2 trillion stimulus bill passed by the US Congress in March have expired or depleted in the summer.
“I understand that the Democrats didn’t want us to do anything before the election because they didn’t want to do something that could be helpful to the president,” Mnuchin added Friday morning. “But I had hoped, now that we’re now past the election, that the Democrats would now work with us.”
The Democrats argued that for stronger spending, it is necessary not only to expand unemployment benefits and the salary protection program (PPP) but also to help support state and local governments that have been hit by the epidemic and have severe budget deficits.
The White House and Senate Republicans have called for smaller and more targeted relief measures to limit aid to the industries most affected by the disaster, such as tourism, catering, and hospitality.
McConnell said: “Republicans continue to support passing these kinds of urgent and targeted measures as soon as possible,” he said in a press release. “American workers should not lose their jobs needlessly when a second round of the job-saving Paycheck Protection Program for the hardest-hit small businesses would make a huge difference.”
“Our medical system should not be denied additional support, including for distributing the life-saving vaccines that appear to be on the horizon,” the Senate Majority Leader added.
The Epidemic Worsens and Stimulus Plan Is Stranded
The positions of the Senate and the House of Representatives on the scale of the stimulus package are still far apart. Meadows declined to comment on whether Trump will sign a bill to approve the federal government.
White House Chief of Staff Mark Meadows, who led negotiations on fiscal stimulus, said on Wednesday that although stimulus has become a “priority” for President Trump, any negotiations will be led by Congress.
Nancy Pelosi and Senate Democratic leader Chuck Schumer sent a letter to McConnell calling on him to participate in negotiations this week. But McConnell on Wednesday mocked the Democratic Party’s $2.4 trillion plan that should be the starting point for negotiations.