WASHINGTON -- As the clock ticked down Thursday on a self-imposed deadline for a breakthrough in coronavirus relief talks with no deal in sight, Jim Cramer, the brash CNBC host, had an on-air proposal for House Speaker Nancy Pelosi of California.Why not try invoking the memory of the late civil rights
WASHINGTON — As the clock ticked down Thursday on a self-imposed deadline for a breakthrough in coronavirus relief talks with no deal in sight, Jim Cramer, the brash CNBC host, had an on-air proposal for House Speaker Nancy Pelosi of California.
She has publicly heaped disdain on her White House negotiating partners as she plays hardball in daily private meetings in her Capitol office suite, convinced that she has political leverage to force Republicans to agree to far more generous aid than they have offered. She has been unwilling to bow to the Trump administration’s demands for a much narrower bill or a stopgap solution.
Pelosi’s strategy carries substantial political risk and real collateral damage, at least in the short term. In holding out for a sweeping relief package, Democrats have swatted away Republican pleas to pass weeklong extensions of the expired $600-per-week in extra federal jobless pay that millions of Americans have relied upon, drawing Republican charges of obstruction.
“And that is great for challengers,” he added, according to a person familiar with the remarks, who spoke on the condition of anonymity. “At the core of her negotiations are values, and that steers her right,” said Sen. Chuck Schumer, D-N.Y., the minority leader. “It’s real. What she says out there, she says inside.”
It is not the first time that Pelosi has found herself with considerable leverage in a high-stakes negotiation with Republicans at a time of crisis. During the financial meltdown of 2008, as Republicans balked at a $700 billion bailout package that George W. Bush’s administration had requested to stave off further financial ruin, Henry Paulson, then the Treasury secretary, famously went down on one knee at the White House to beg Pelosi not to pull her support from the plan.
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