Coronavirus stimulus: Pelosi says President Trump ‘wants a bill’ but obstacles remain
House spokeswoman Nancy Pelosi (D-CA) was once again optimistic that a bipartisan economic stimulus plan would be passed before the elections, even if the White House continued to disagree on important provisions.
"We're almost there," Pelosi told reporters on Thursday. “The president wants a bill. The president wants a bill. That is part of the opportunity we have. "
But persistent disagreements, proximity to the polls, and lack of support from the GOP could reduce the likelihood of such a law becoming law before the election.
The president also weighed a tweet on Wednesday saying he saw no way Democrats "will be ready to do what's right for our great American workers" and that they are too focused on state and local funding Governments focus.
House Speaker Nancy Pelosi, D-Calif., Speaks during her weekly new conference in Washington on Thursday, October 22, 2020. (Photo by Caroline Brehman / CQ-Roll Call, Inc. via Getty Images)
This comes after the president has spoken loudly about support for a stimulus deal, even saying it will go beyond the Democratic proposal of $ 2.2 trillion.
"It just takes money and really not that much more money from what they have on the bill," Pelosi said. "But it's not just the money, it's how it's spent."
Read More: Here's What You Need To Know About Eligibility for Unemployment Benefit
The latest proposal from the Democrats is the revised HEROES bill worth $ 2.2 trillion, while the White House counterproposal is worth "nearly $ 1.9 trillion," according to White House Chief of Staff Mark Meadows.
While the two parties have grown closer in testing and tracking, differences of opinion persist over state and local government funding and liability coverage. Pelosi and Mnuchin are expected to speak again today. You need to reach an agreement by Friday so that it can be passed before the election.
At least 44 states have disbursed all funds available under the Lost Wages Assistance (LWA) program. (David Foster / Yahoo Finance)
"Can't answer for the clutter on the Senate side"
An agreement between the White House and the Democrats would likely meet stiff opposition in the Republican-controlled Senate. It would take 60 votes to pass the Senate, which means that at least 13 Republican Senators would have to vote for the legislation.
"I cannot answer for the disorder in the Senate," said Pelosi on Thursday. "It's about the President of the United States having a discussion. It's up to him to deliver what can happen on the Senate side."
United States President Donald Trump listens to Senate Majority Leader Mitch McConnell (R-KY) speak in the Oval Office of the White House in Washington, USA, July 20, 2020 about additional coronavirus aid legislation. REUTERS / Leah Millis
The GOP unveiled its own $ 500 billion coronavirus stimulus package that failed to advance in the Senate on Wednesday. Many Republican senators have raised concerns about the price of an agreement that Democrats and the White House could reach.
"If there is a bipartisan deal, I think there are enough votes to make sure we get this across the finish line and to the president's desk," Meadows told reporters on Wednesday.
McConnell agreed to vote on two parties in the Senate - despite opposition from his party - but did not say whether it would be before or after the election.
"If a presidential-sponsored bill ever releases the house, we'll bring it to the ground," McConnell told reporters on Tuesday.
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Denitsa is a writer for Yahoo Finance and Cashay, a new personal finance website. Follow her on Twitter @denitsa_tsekova.
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