'We're at the table': Pelosi responds after Trump admits need for coronavirus stimulus
President Donald Trump said the stimulus negotiations "start to work" on Thursday morning after the talks abruptly broke off less than two days earlier.
"Well, I cut the talks two days ago because they didn't work out," the president told Fox Business on Thursday morning. “Now they're starting to train, we're starting some very productive conversations. I think [House Speaker Nancy Pelosi] wants it to happen because it's so good for our country - we really need it. "
Pelosi (D-Calif.) Echoed Trump's comments a few hours later, telling reporters, "I am hopeful because it has to be done." Pelosi later added, "We're at the table. We want to continue the conversation. We've made some progress. We're exchanging languages."
President Donald J. Trump, wearing a face mask, watches Marine One from Truman's Balcony as he returns home after treatment for coronavirus on Monday, October 05, 2020. (Photo by Jabin Botsford / The Washington Post via Getty Images)
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After telling his officials to end the stimulus negotiations on Tuesday afternoon, Trump took to Twitter a few hours later, pushing for stand-alone stimulus programs in the form of a second round of economic reviews, $ 25 billion in relief for airlines and $ 135 billion for those Payroll Protection Program (PPP) for Small Businesses.
Pelosi, who previously signaled its willingness to work on an airline relief deal, said Thursday that a standalone bill will only be passed if it is part of a larger package.
"I was very open to a stand-alone bill for the airlines or part of a larger bill," she said. "But there is no separate invoice without a larger invoice."
President Trump also signaled openness to bigger business.
"We're talking about a bigger business than airlines, we're talking about a $ 1,200 per person business, we're talking about other things," the president told Fox Business. "I think we have a really good chance of doing something."
"He could go back"
The sticking points for a White House-Democratic deal include extra unemployment benefits, school funding, aid to state and local governments, childcare assistance, funding for increased testing and tracking, and funding for other resources.
The offer that the president turned down on Tuesday was the updated $ 2.2 trillion HEROES bill, passed last week. Pelosi and Treasury Secretary Steven Mnuchin have spoken regularly to work out laws that could pass both the Democratic-controlled House and the GOP-controlled Senate.
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House Speaker Nancy Pelosi (D-CA) during the weekly press conference on Capitol Hill on October 8, 2020 in Washington, DC. (Photo by Tasos Katopodis / Getty Images)
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The Democrats' $ 2.2 trillion stimulus proposal includes $ 436 billion for state and local governments, $ 282 billion for education and childcare, a second round of $ 1,200 stimulus reviews, an additional $ 600 Dollar unemployment benefits through January and other provisions.
The updated HEROES bill still comes at a much higher price tag than the White House's proposal of around $ 1.6 trillion. Still, the president said: "I think we have a really good chance of doing something."
While Trump may be ready to end the stimulus negotiations, there are still many Republican lawmakers unwilling to agree on the price for the Democratic proposal's provisions.
"I don't think [Trump] feels particularly attached to the [Official White House] position if he thinks [the stimulus agreement] would ultimately help," said Mark Harkins, former congressional officer and senior fellow at the Government Affairs Institute in Georgetown. said Yahoo Money. "But I think that if a deal is going to cost us the Senate right now, it will be directed to him by the majority leader, and I think that message will resonate."
The Yahoo Money sister site Cashay has a weekly newsletter.
Denitsa is a writer for Yahoo Finance and Cashay, a new personal finance website. Follow her on Twitter @denitsa_tsekova.
Continue reading:
Stock market highs, booming real estate, and millions of unemployed: A story of two Americas amid the coronavirus pandemic
Coronavirus stimulus: The wave of US states has run out of additional unemployment benefits as negotiations stall
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