White House preparing $1.8 trillion stimulus proposal: report

by Jordyn Pair · Oct 9th, 2020 12:25 pm

Last Updated Oct 10th, 2020 at 3:53 pm

The White House is preparing a $1.8 trillion coronavirus relief bill, according to people familiar with discussions.

Treasury Secretary Steven Mnuchin will reportedly discuss the proposal — the White House's largest to date — with House Speaker Nancy Pelosi on Friday.

The bill would be an increase from the $1.6 trillion the White House had previously proposed, but lower than the $2.2 trillion bill House Democrats passed earlier this month. However, even if the administration and Democrats can reach a consensus, the bill would still have to make it through the Republican-led Senate.

Points of contention include the $436 billion for state and local governments insisted upon by Pelosi. Trump wants to send them no more than the $150 billion they received earlier this year.

Democrats also want to reinstate enhanced federal unemployment, which had been raised to $600 per week, while Mnuchin wanted it to remain at $400 per week.

The administration's proposal follows Trump previously announcing that he had ordered legislators to suspend relief talks until after the election. Trump tweeted encouragement for the negotiators on Friday.

White House adviser Larry Kudlow said on Friday that Trump had approved moving forward with a stimulus plan that included checks for households, as well as aid for small businesses and airlines.


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