House Speaker Nancy Pelosi and House Democrats are trying to forge ahead with a smaller coronavirus stimulus package costing $2.4 trillion.
The amount is about $1 trillion less than the package the House passed in May, but more than what the Trump Administration has signaled it will accept. According to CNBC, the legislation is sure to include direct payments to Americans, unemployment benefits and a new round of Paycheck Protection Program funding.
Pelosi has been pushing Treasury Secretary Stephen Mnuchin and White House Chief of Staff Mark Meadows to increase the Trump Administration’s initial $1.3 trillion offer by another $1 trillion. Mnuchin, however indicated the administration would not approve a bill that costs more than $1.5 trillion.
“When I have a conversation with the administration, it is in good faith. I trust Secretary Mnuchin to represent something that can reach a solution, and I believe we can come to an agreement,” Pelosi said in an interview on CNN.