House Speaker Nancy Pelosi on Sunday said anotherÂ coronavirus stimulus plan is possible asÂ House Democrats try to forge ahead on a smaller aid package costing about $2.4 trillion, roughly $1 trillion less than their initial proposal but more than what the Trump administration has signaled it will accept.Â
Stimulus negotiations between House Democrats and the Trump administration fell apartment in early August, thoughÂ Treasury SecretaryÂ Steven MnuchinÂ said he and Pelosi have agreed to restart talks.Â
The chamber could vote on the bill as soon as next week. The legislation will include unemployment benefits, direct payments to Americans, Paycheck Protection ProgramÂ small business loans and aid for airlines.
Pelosi, facing growing pressure from moderate Democrats, has tried to convinceÂ MnuchinÂ and White House Chief of StaffÂ Mark MeadowsÂ to increase the administration’s $1.3 trillion offer by an additional $1 trillion. However, Mnuchin signaled earlier this month that the administration would not approve a plan that was larger than $1.5 trillion.Â
“When I have a conversation withÂ the administration, it is inÂ good faith.Â I trust Secretary Mnuchin toÂ represent something that canÂ reach a solution, and I believeÂ we can come to an agreement,” Pelosi said in an interview on CNN.Â
“However, at some point, theÂ public is going to have to seeÂ why $2.2 or now $2.4 trillion dollars is necessary,” Pelosi added. “The president’s denialÂ of the virus and just resistanceÂ to doing anything to crush itÂ has made matters worse … So we may need more money thanÂ that.Â And we will reveal what that isÂ in a short period of time.”Â
Pelosi has previously said that House Democrats would not leave Washington for re-election efforts until making a move on stimulus measures. As the coronavirus continues to spread across the U.S., jobless claimsÂ rose to 870,000 last weekÂ and the stock markets remain volatile.
Senate Republicans this month failed to advance a $500 billion aid package over Democratic objections that it was inadequateÂ because it did not include state and local government relief and food assistance, among other things.Â
“I think we have a chance toÂ get something done and we wantÂ to,” Pelosi said. “What we will be puttingÂ forth is an offer to say, nowÂ let us negotiate within a timeÂ frame and a dollar amount to getÂ the job done to put money inÂ people’s pockets, to honor ourÂ heroes and to crush the virus.”Â Â
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News – Pelosi believes coronavirus stimulus deal still possible as Democrats prepare new package