A group of Democratic and Republican U.S. House members that is trying to keep alive the hope of a bipartisan infrastructure package said late June 8 agreement had been reached on $761.8 billion in new spending over eight years.
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will hold a call the afternoon of Oct. 19 on a fiscal-stimulus package, a day before Pelosi’s deadline for a pre-election package expires.
The chances for a preelection stimulus for the U.S. economy from Congress are all but over, with Treasury Secretary Steven Mnuchin on Oct. 14 pointing to political dynamics undermining the monthslong negotiations.
President Donald Trump told Congress to “Go big or go home!!” on a coronavirus stimulus package, directly contradicting Senate Majority Leader Mitch McConnell’s plan to put a narrow bill on the Senate floor the week of Oct. 19.
Prospects for U.S. fiscal stimulus before Election Day dimmed on Oct. 13, with House Speaker Nancy Pelosi demanding the White House revamp its latest offer and Senate Republican leader Mitch McConnell pushing a smaller-scale strategy that Pelosi quickl…
House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic.
House Speaker Nancy Pelosi said the White House will have to agree to “much more” spending for a fresh round of stimulus if there is any hope of striking a deal before the election.