The White House is upping its offer to Democrats to pass a new stimulus bill including $1,200 direct payments, report says
- The Treasury has upped its offer on federal coronavirus spending by some $100 billion as it continues negotiations with Democrats, Roll Call reported.
- The politics news site reported that Treasury Secretary Steven Mnuchin offered a $1.62 trillion package when talking to House Speaker Nancy Pelosi on Wednesday.
- They didn’t reach a deal Wednesday but committed to keep trying, Roll Call said. But even if they do strike a deal, it could still struggle to make it through Congress.
- The two parties have been in a standoff as Democrats seek to secure much more spending than Republicans.
- One source of agreement is that both Mnuchin and Pelosi want another round of $1,200 checks to be sent to Americans.
The Treasury is increasing the amount of money it would support for a new coronavirus spending bill as it continues to negotiate with Democrats, Roll Call reported Wednesday night.
Treasury Secretary Steven Mnuchin offered a $1.62 trillion package in his Wednesday talks with House Speaker Nancy Pelosi, the report said.
The increased offer is said to include more money for education and state and local governments than before.
Pelosi and Mnuchin met for 90 minutes without striking a deal. But after, both seemed hopeful of continuing negotiations and reaching some kind of agreement.
One issue that is not in question: Both sides have said they support another round of $1,200 direct payments to Americans.