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The agreement on the new $ 1,200 check "is close", according to the Democrats, "it is a serious attempt" with the White House

2020-10-22T17:45:57.516Z


"If we weren't making progress, I wouldn't spend five seconds in these conversations," says Pelosi after the White House sets a 48-hour deadline to close a deal on the new stimulus plan.


The Speaker of the House of Representatives, Democrat Nancy Pelosi, announced on Thursday

that her party and the White House are about to reach an agreement on the new economic stimulus plan to aid the COVID-19 pandemic

, although she warned that Congress may be a long way from passing a bill despite progress.

"If we were not making progress, I would not spend five seconds in these talks," he said at a press conference, "I think it is a serious attempt. I think both parties want to reach an agreement."

Pelosi plans to speak with Treasury Secretary Steven Mnuchin again this Thursday to finalize the deal, though she cautioned: "If we can figure out some of these things in the next few days, it will take a while to draft the bill."

The Speaker of the House of Representatives, Nancy Pelosi, this Thursday at a press conference in the Capitol.

In addition, he clarified that they have not yet reached a consensus on several issues that have hampered negotiations for months, such as aid to state and local governments, liability protections for companies and improving the financing of electoral systems and the census.

[A new relief package (including the expected second check for $ 1,200) is far from being finalized.

We explain]

The fact that an agreement has not been reached at this point has made it almost impossible for legislators to inject money to alleviate the economic crisis caused by COVID-19 before the elections on November 3.

"We can do something great, and I'm still optimistic that we can do it," Pelosi noted however.

[What about the $ 1,200 check and why Pelosi accuses Trump of using it to her advantage]

The Democratic senators managed to block yesterday again in the Senate a Republican stimulus plan of 500,000 million dollars that does not include the delivery of a new check for 1,200 dollars to the citizens.

The Senate will try to pass the Republican economic stimulus package

Oct. 13, 202000: 34

Republicans could not add the 60 votes needed to approve the package, which Democrats opposed, believing that it would have less money than they consider necessary to help people and businesses affected by the pandemic.

The Democrats' proposal amounts to 

$ 2.2 trillion

 and includes, among other measures, 

the $ 1,200 check

and $ 600 weekly benefits for the unemployed.

The White House had pressed hours before with a new 48-hour deadline to reach an agreement with the Democrats, which extends the deadline, also 48 hours, that Pelosi had set on Monday to close the deal.

"I am optimistic. We share a goal and that is, hopefully, have some kind of agreement in the next 48 hours," White House Chief of Staff Mark Meadows told Fox News on Wednesday.

However, the hope of the Donald Trump administration clashes

 with the wishes of McConnell

, who told his fellow Republicans on Wednesday that he is "encouraging" the White House to wait until after the November 3 election to approve the plan. aid for the pandemic.

Trump slows negotiations on the new economic stimulus package until after the elections

Oct. 6, 202002: 15

Negotiations for a financial aid package continue after the 48-hour deadline imposed by Pelosi has expired]

Trump believes he could persuade Senate Republicans to accept a more ambitious aid package: "

Not all Republicans agree. But they will," he

said in an interview on Fox News.

Trump has been in favor of an aid package closer to that of the Democrats in terms of its total amount, namely 

$ 1.8 trillion

, which would include a new round of direct stimulus of $ 1,200, an idea that the president has repeatedly supported.

"I want to make it 

even bigger than the Democrats,

" he said in that interview.

With information from CNBC

Source: telemundo

All news articles on 2020-10-22

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