Pelosi is “optimistic” but Senate Republicans are in doubt as business talks continue

She also said if they want to vote on a deal by the end of next week, they have to agree on a specific language by the end of this week. She described herself as “optimistic” but said that key differences remain, particularly with regard to corporate liability protection and state aid.

“It’s not that this day is the day we’d have a deal,” Pelosi said. “It is a day we would have our terms on the table to move on to the next step. Legislation takes a long time. “

In addition to the negotiations, there is also a flurry of public attitudes from all sides, many of which are conflicting. President Trump told Fox and Friends on Tuesday morning that he wanted to reach an agreement at a price even higher than Pelosi’s proposed $ 2.2 trillion, while claiming the House spokesman would not reach an agreement. Pelosi has said this is not true but added that she is getting mixed messages from Republicans, with Trump wanting a huge spending bill and Senate lawmakers calling for something much smaller.

For his part, Trump has brushed aside complaints from Senate Republicans, stating that if he tells them they will ultimately support a package.

“It’s very simple: I want to make it bigger than the Democrats. Not every Republican agrees with me, but they will, “Trump said. “You will be on board when something comes up.”

“I would take whatever votes you could get, whether it’s a Democrat or a Republican,” Trump said.

Senate Funds Committee Chairman Richard Shelby (R-Ala.), A Capitol Hill veteran, was more optimistic, however.

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“I’m not optimistic that we will do anything,” he said.

The mess takes place amid several signs that the economic recovery is strained. The unemployment rate remains high, the travel industry remains in disrepair and concerns about problems in the commercial real estate sector are growing. Many restaurants are still struggling, and some continue to go out of business seven months after the American economy pandemic.

The Pelosi and Mnuchin employees continued to haggle over the contours of a deal during months of negotiations. It was highly uncertain whether they could come to a solution.

Pelosi has cited progress in the talks, but has also criticized the government for partially rejecting the Democrats’ national test proposal. Democrats have also called for more funding for childcare and tax credits for families.

The Grants Committee staff in both chambers and parties had some talks on Monday, but their negotiations appeared to have stalled due to disagreements about what they could actually achieve, without knowing the details of anything that Pelosi-Mnuchin had agreed to, several participants who spoke anonymously under certain conditions to discuss the private conversations. Pelosi admitted that there were issues in speeding up the negotiations on funds but said in the Bloomberg interview that she hoped this could be resolved.

Senate Republicans should attempt Tuesday to push forward the first of two narrow bills that Senate Majority Leader Mitch McConnell (R-Ky.) Has declared, which his conference can support – a rejection of the massive package that taking shape between Pelosi and Mnuchin.

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The legislation, expected Tuesday, would add an additional $ 260 billion to the small business paycheck protection program and allow companies that already took out loans earlier this year to get new funding. On Wednesday, McConnell will attempt to come up with a roughly $ 500 billion bill that includes unemployment benefits, funding for schools and the health system, and new funding for small businesses – but excluding many provisions requested by Democrats and Trump, including one new round of $ 1,200 stimulus checks.

Senate Democrats have accused McConnell of trying to advance what they call “emaciated” bills that would offer Republicans political protection without actually solving any problems. The roughly $ 500 billion bill is almost identical to a law McConnell wanted to promote last month. which Democrats were against.

If Pelosi and Mnuchin manage to reach an agreement, McConnell said the Senate would “consider” it. He has not publicly committed to a vote, but has privately told his allies that he would speak out on a deal between Mnuchin and Pelosi, a person who was granted anonymity to share his private remarks.

However, after Senate Republicans voted Tuesday and Wednesday on the two narrow relief bills, they plan to retrial Amy Coney Barrett in the Supreme Court before pulling out through the election – a schedule that leaves no room for disputes over a large one lets new expense account.

Senator John Thune (R-SD), the Senate’s GOP whip, told reporters Monday it was difficult to find enough Senate Republicans to approve a $ 1.8 trillion stimulus package. When asked about this comment on Tuesday, Trump said: “We need to speak to Thune.”

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Trump has also downplayed the risk of additional debt spending, a concern McConnell and other Republicans have started to raise as deficit balloons. “The government, we’ll get the money back – they’ll get the money back anyway and it’s better than unemployment and all the costs associated with the alternative,” said the president.

Congress approved around $ 3 trillion in aid earlier this year to help contain the economic impact. Some of the funds appeared to help numerous sectors of the economy, but problems persist, especially after certain programs have expired.

“Recovery has slowed and without further help there is a risk of relapse. Neither the virus nor the economic damage it wreaked is gone, and policy makers would be making a grave mistake if they did so, ”said Adam Ozimek, chief economist at Upwork.

Congress has not passed any auxiliary laws since April. The House Democrats passed two far-reaching laws, but the Senate Republicans rejected them. A significant minority of Republicans in the Senate believe that enough money has already been spent and nothing more needs to be done.

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