'The president would like us to make a deal, but unfortunately we did not make any progress today,” Treasury Secretary Mnuchin told reporters Friday.
The Friday deadline Democratic and White House negotiators had set to agree on a new stimulus package has come and gone, as talks fell apart after another meeting without “any progress,” and President Trump prepared to address the economic crisis by executive order.... [+]
meeting at the U.S. Capitol August 7, 2020. in Washington, D.C. Negotiations didn’t lead to to a deal after the meeting today."The president would like us to make a deal, but unfortunately we did not make any progress today,” Treasury Secretary Steve Mnuchin told reporters Friday. Mnuchin, White House Chief of Staff Mark Meadows, House Speaker Nancy Pelosi , and Minority Leader Chuck Schumer have been engaged in tense negotiations for days, with neither side willing to budge.
Democrats are unwilling to go below $2 trillion in total aid, while Senate Republicans have privately expressed hesitation about anything above the $2 trillion price tag.But Pelosi outlined a long list of priorities the two sides remain apart on, including: school funding, aid for housing insecurity, hazard pay and assistance for the Postal Service ahead of the November election.
Mnuchin said that he and Meadows have recommended Trump move ahead with executive orders to address the economic crisis, whichTrump weighed in on Twitter on Friday afternoon, criticizing Democrats for their insistence on additional aid for states and local governments.Schumer and Pelosi have called for $3 trillion in stimulus spending, while White House negotiators have pressed for a $1 trillion price tag.
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