McConnell, R-Ky., told radio host Hugh Hewitt that the legislation would be targeted “particularly at small businesses that are struggling, and hospitals that are now dealing with the second wave of the coronavirus, and, of course, the challenges for education, both K-12 and college.”
Meanwhile, President Trump alleges a deal would be reached “immediately” after Election Day. House Speaker Nancy Pelosi, D-Calif., said she expects relief “certainly will have something [done] at the start of the new presidency.”
“I want a bill for two reasons. First and foremost, the American people need help. They need real help. And, second of all, we have plenty of work to do in the Joe Biden administration,” Pelosi said.
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The mixed messages come amid a months-long impasse between Pelosi, McConnell and the White House, with Pelosi and McConnell each claiming that the other wouldn’t budge.
White House trade adviser Larry Kudlow claims Democrats “show no evidence of compromising on the very key issues.”
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Kudlow said he believes Pelosi is “stringing us along.”
“Our team now believes that the speaker has no intention of compromising on key issues,” he continued. “She is going to hold up key assistance like PPP [Paycheck Protection Program], small business assistance and unemployment assistance.”
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Pelosi spoke nearly every day with Treasury Secretary Steve Mnuchin for weeks on-end. Trump dithered about what he wanted. He first attempted to end negotiations – but Mnuchin didn’t listen. Trump then declared he intended to spend more than even Pelosi wanted. McConnell earlier this month urged the White House not to strike a deal with Pelosi before the election, as he is concerned that the speaker is not negotiating in good faith with the White House.
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During months of failed efforts to reach another stimulus agreement, Democrats and Republicans have cited a fundamental dispute over what the federal government needs to do to lift an economy and health-care system battered by the virus. House Democrats last passed a $2.2 trillion package this month.
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The president publicly supports a $1.8 trillion stimulus package, Senate Republicans offered a $500 billion targeted relief bill that Pelosi shot down.
The Trump administration most recently offered a roughly $1.9 trillion package to Democrats. Discussions between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin took on a decidedly less cordial tone Thursday as the Trump administration’s top negotiator accused his counterpart of miscasting the state of stalled coronavirus stimulus talks days before Election Day.
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As the process became more bitter Thursday ahead of the election, it was unclear how the sides would come to a compromise that could pass both the Democratic-held House and GOP-controlled Senate in the coming weeks.
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