Trump Approves $1.8 Trillion Stimulus Offer to Pelosi

Trump Approves $1.8 Trillion Stimulus Offer to Pelosi


He calls her a “nut job.” She questions his mental health. Together, they have to work out a roughly $2 trillion package to rescue the economy.

It might sound like a pitch for the worst rom-com ever, but it’s actually, sadly, the current state of affairs between President Trump and House Speaker Nancy Pelosi.

Just days after cutting off negotiations on a comprehensive coronavirus relief package, Trump on Friday appeared as eager — or desperate — as ever to get a deal done, tweeting: “Covid Relief Negotiations are moving along. Go Big!” Later, in a phone interview with Rush Limbaugh, Trump said: “I would like to see a bigger stimulus package than, frankly, either the Democrats or the Republicans are offering.” The president acknowledged that his latest position is “the exact opposite” of his previous one.

The White House, reportedly scrambling to revive the talks that appeared dead earlier this week, put together its largest proposal yet for Treasury Secretary Steven Mnuchin to present to Democrats, a $1.8 trillion package, up from an earlier $1.6 trillion.

The package, approved by Trump, isn’t bigger than what Democrats have offered. House Democrats last week passed a $2.2 trillion bill, and Pelosi has steadfastly refused to go below $2 trillion, so the two sides still have a way to go on both the overall cost of the package and, more importantly, many of the details. The White House offer reportedly includes some $300 billion for aid to state and local governments, for example — an increase from earlier proposals but still shy of the $436 billion Democrats want. It also would reportedly extend the duration of the $400 in weekly enhanced unemployment benefits the White House has proposed and would provide $1,000 per child in direct payments, up from the $500 Congress provided in March.

“Today, the Secretary returned to the table with a proposal that attempted to address some of the concerns Democrats have,” Pelosi Deputy Chief of Staff Drew Hammill tweeted. “Of special concern, is the absence of an agreement on a strategic plan to crush the virus. For this and other provisions, we are still awaiting language from the Administration as negotiations on the overall funding amount continue.”

The big question: Even as the negotiators make progress, reaching a deal and getting it passed into law are very different things, as Politico points out.

Senate Republicans, who haven’t been part of the ongoing talks, are nowhere near as eager as Trump now says he is to “go big,” with many firmly against a deal on the order of $2 trillion. “I’ve got a significant percentage of my members who think we’ve done enough and who are alarmed by the amount of national debt,” Senate Majority Leader Mitch McConnell (R-KY) said Thursday.

So even if the White House and Pelosi reach a deal, securing 60 votes in the Senate won’t be easy and time will be tight as the Senate prioritizes the confirmation hearings of Judge Amy Coney Barrett to the Supreme Court. “It’s going to be hard to get through the House with many Republican votes, and it could land in the Senate as late as the end of this month or on the doorstep of early November,” Politico suggests. “What do they do with a bill at that point? Probably ignore it.”

Trump could still change all that. He is reportedly now engaged in the process, reaching out to Republican senators to drum up support. “The direct involvement of Trump himself and his willingness to put down an offer far above the preferences of congressional Republicans adds a dynamic new element to long-stalled negotiations,” CNN’s Phil Mattingly and Ted Barrett wrote.

Even as Trump presses for action, though, McConnell on Friday cast doubt on the chances of something getting done as negotiators “elbow for political advantage” before the election. “I’d like to see us rise above that like we did back in March and April, but I think that’s unlikely in the next three weeks,” he said

In the meantime, Trump and Pelosi are still questioning each other’s mental faculties, which may not matter but probably doesn’t help.

The bottom line: Pelosi and Mnuchin have spoken every day this week and the negotiators reportedly plan on working through this weekend, and potentially through next weekend as well, to reach an agreement. So there’s a renewed sense of urgency to get a deal done and this week’s neck-snapping turns have yielded some genuine progress. But the chances of another stimulus bill passing before the election may not have shifted much.