Home Business Pelosi sets 48-hour deadline to reach coronavirus stimulus deal before election

Pelosi sets 48-hour deadline to reach coronavirus stimulus deal before election

U.S. House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, D.C., the United States, on Oct. 9, 2020.

Ting Shen | Xinhua News Agency | Getty Images

House Speaker Nancy Pelosi has called on the Trump administration to reconcile remaining disputes on coronavirus stimulus legislation within 48 hours as lawmakers attempt to pass a bill before the 2020 election.

Pelosi set the 48-hour deadline on negotiations after speaking with Treasury Secretary Steven Mnuchin on Saturday night for more than an hour.

In an interview on ABC News on Sunday, Pelosi said the deadline applies to lawmakers’ ability to get a deal done before the Nov. 3 election. The speaker said she’s optimistic about negotiations but that the outcome ultimately depends on the White House.

Stimulus talks have dragged on for months even as the coronavirus spreads across the U.S. and millions of Americans remain unemployed.

Pelosi and Mnuchin have progressed their negotiations this week, with the most recent call last night resulting in “some encouraging news on testing,” according to Pelosi’s deputy chief of staff Drew Hammill.

The two still have differences on a comprehensive plan for Covid-19 testing, contact tracing and “measures to address the virus’ disproportionate impact on communities of color,” Hammill said.

Pelosi, who has identified testing as a major point of contention in talks, said Sunday that there is no agreement between Democrats and Republican lawmakers on language on testing. Mnuchin said last week that the White House won’t let differences over funding targets for testing derail stimulus talks.

“We’re seeking clarity,” Pelosi said on Sunday, adding that Trump administration officials drafting the legislation are “not legislators.”

Democrats, who have passed a $2.2 trillion relief bill in the House, dismissed the Trump administration’s latest $1.8 trillion proposal as insufficient. The two sides disagree on major policy issues including funding for state and local governments and protections for businesses during the pandemic.

Even if Pelosi and Mnuchin are able to reach a bipartisan deal, many Senate Republicans have opposed spending close to $2 trillion on a package.

The Senate is set to vote on a limited $500 billion stimulus bill on Wednesday, which will include funding for schools, expanded unemployment benefits and a second round of the Paycheck Protection Program.

But Democrats blocked a $500 billion Republican plan in the Senate last month and will likely dismiss the latest GOP proposal as insufficient too.

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