Both sides said negotiations will continue, but as of right now, no stimulus deal has been agreed upon. Sunday night it was reported that the Democrat House leadership clipped $1.2T from their ‘Heroes Act’ that originally had a $3.4T tab. Senate Republicans and President Trump seemingly won’t go above $1.5T, maybe even less.
Mnuchin said after leaving today’s meeting: “We have more work to do and we’re going to see where we end up,” he said.
The Democrat majority House will still vote on their new $2.2T bill today. Pelosi stated: “We will be proceeding with our vote tonight on the updated Heroes Act in order to formalize our proffer to Republicans in the negotiations to address the health and economic catastrophe in our country.”
Senate Majority Leader Mitch McConnell stated: “We are very, very far apart,” when asked by reporters about a path to a deal.
With the PPP program ending today, enhanced unemployment benefits that lapsed in July, airline loan money ending tomorrow as the industry is threatening to lay off tens of thousands of workers, both sides will continue to work on reaching a deal.
Time is of the essence however as Congress will be returning to their home states late Friday to gear up for November elections.
