White House Preparing $1.8 Trillion Stimulus Proposal

[Polybius]

Source: WSJ

The White House is preparing a $1.8 trillion coronavirus-relief offer, according to people familiar with the discussions, partly closing the gap in negotiations with congressional Democrats as time runs short to pass any package before the election.

Treasury Secretary Steven Mnuchin and Speaker Nancy Pelosi (D., Calif.) spoke Friday for roughly 30 minutes about a GOP plan that “attempted to address some of the concerns Democrats have,” according to a spokesman for Mrs. Pelosi. The spokesman said negotiations are still seeking an agreement on language on a Covid-19 public-health plan, as well as the overall funding level.

The White House proposal increases its previous offer by about $200 billion, but a significant distance remains between the administration and Democratic leaders on the bill’s overall price tag. Democrats last week passed a $2.2 trillion aid package, a scaled-back version of their earlier $3.5 trillion legislation. Mr. Mnuchin had previously proposed a $1.6 trillion offer.

Read more: https://www.wsj.com/articles/white-house-preparing-new-1-8-trillion-stimulus-proposal-11602259814

[Thekaspervote]

1. Mcturtle just today "signaled" that the senate would not be taking up a vote on a stimulus pkg

I think turtle is done with dotard

[Mystery sage]

2. Yet he has seen the polls and seen that the president has lost his mind.(more then usual)

[PSPS]

7. Moscow mitch's primary focus now is jamming another one of their ringers onto the supreme court.

[cstanleytech]

13. Only way he will back down from it is if its clear that the GOP will be at 50 or fewer seats.

If that happens and he tries to force this on us he knows he risks us retaliating and increasing SCOTUS to 13 and stacking each new spot with a young progressive judge.

[dansolo]

14. I assume the first new spot would go to Merrick Garland

Adding 4 new justices would be a hard sell, even for Democrats. Two will be more likely, with the promise to nominate Merrick Garland for one of the seats. Nominating anyone else would be an insult to Obama, who deserves to have his selected nominee seated.

[cstanleytech]

15. Doubt it as he is neither young nor is he progressive enough to swing the court back into balance.

[Rebl2]

11. I seem to

remember back in July or early August that mcconnell would be done with trump if he didn’t turn things around after the convention. Well trump hasn’t, so guess he’s done with him.

[yaesu]

3. a little info gathered from outside paywalls.

From WaPo: A Republican strategist close to McConnell’s office, granted anonymity to discuss internal GOP thinking, said that there was substantial opposition to the deal both within the administration and among congressional Republicans, predicting that a package of around $2 trillion would receive the support of “maybe 10” Senate Republicans. Conservatives are expected to push against the deal.


White House adviser Larry Kudlow said the new contained aid to airlines, small businesses, $1,200 stimulus checks, and the unemployed. Both sides have supported these policies. They also had appeared to settle on $75 billion for coronavirus testing and tracing, although Democrats continued to push the administration for language on a comprehensive testing strategy, something Pelosi said Friday remained unsettled.

[Polybius]

6. 10 is more than we need

That puts it at what, 57-43?

[yaesu]

10. yeah, McTurtle will be the biggest if as he decides if its even voted on. nt

[Sucha NastyWoman]

4. But it was toooo small!

[PSPS]

5. They've had all the negotiation they deserve. 3.5 - 2.2 is enough. 2.2 or nothing, assholes.

And no immunity clause nonsense and no giveaways to rich donors and no bailouts for wealthy/corporations who will just use it to buy back their stock.

[Newest Reality]

8. It feels like...

It feels like we have been taken hostage, economically.

[David__77]

9. I dunno. Who is whose hostage?

I see no need to rush to accept a bad deal.

[StClone]

12. More for Campaign Donations!?

I have spoken with several people who directed some, or all, of any Company or Federal Covid relief funds they received towards donations. Could that explain the nation-wide record donations to Democratic nominees?