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Mnuchin’s latest overture to Pelosi goes nowhere and relief talks stall again - The Washington Post
Aug 12, 2020 1 min, 42 secs
A new attempt to restart economic relief negotiations between the White House and Democrats ended just minutes after it began on Wednesday, with President Trump appearing to cast doubt on the whole process by announcing a deal is “not going to happen.”.

“The bill’s not going to happen because they don’t even want to talk about it, because we can’t give them the kind of ridiculous things that they want that have nothing to do with the China virus," Trump said at the White House during an evening press briefing.

His comments came hours after House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin spoke for the first time since the talks fell apart last week.

Schumer (D-N.Y.) issued a statement after Pelosi’s conversation with Mnuchin accusing the administration of “refusing to budge." That was followed by a statement from Mnuchin accusing Pelosi of mischaracterizing their conversation and proclaiming that Democrats "have no interest in negotiating.”.

Congress passed four bipartisan coronavirus relief bills in March and April pumping around $3 trillion into the economy, but Democrats and many Republicans believed additional stimulus was necessary given the fragility of the economy.

Democrats backed a $3.4 trillion bill the House passed in May, while Senate Republicans eventually put forward a $1 trillion bill that even some in their own ranks opposed.

Repeatedly, we have made clear to the administration that we are willing to come down $1 trillion if they will come up $1 trillion," Pelosi and Schumer said in their statement Wednesday, after Pelosi’s conversation with Mnuchin.

“Earlier today, Speaker Pelosi and I spoke by phone," Mnuchin said.

The two parties are not in the same ballpark on the overall cost of the bill, which Democrats have said cannot be less than $2 trillion.

Republicans including Mnuchin have said $2 trillion is too high.

What you need to know: Personal finances during the pandemic | Paying your rent or mortgage | What to do if you’ve been laid off or furloughed because of the pandemic | Coronavirus stimulus check calculator | 10 Americans navigating the coronavirus economy

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