House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, who have cut several major deals during the coronavirus pandemic, are trying one final time to ease a bitter standoff on Capitol Hill over a pre-Election Day package to provide relief to millions of Americans reeling from the damaging economic crisis.
Pelosi and Mnuchin have spoken several times in recent days, including Monday night and plan to again on Tuesday. And while most on Capitol Hill are deeply skeptical a deal can be reached, both Pelosi and Mnuchin have aligned interests: The speaker is facing growing pressure from vulnerable House Democrats, particularly freshman, to cut a deal immediately while President Donald Trump wants a legislative accomplishment to tout in the final weeks of the intensely fought campaign.
But the House speaker has made contingency plans in case the effort falls apart: She and her top lieutenants on Monday night unveiled a $2.2 trillion plan, down from the $3.4 trillion measure that passed the House largely along party lines in May and has since been ignored by the GOP-led Senate.
That price tag for the bill is still far too high for the White House and Senate Republicans, who tried to advance a $500 billion plan this month that was blocked by Democrats over concerns it didn’t go far enough.
Read the full story: CNN