Pelosi Sets 48-Hour Deadline to Approve Stimulus Before Election
What Happened:
On Sunday, House Speaker Nancy Pelosi announced that an agreement must be reached with Treasury Secretary Steve Mnuchin within the next 48 hours if both parties wish to pass a new Covid-19 stimulus bill before the Presidential Election.
In an interview with ABC, Pelosi said "The 48 [hours] only relates to if we want to get it done before the election, which we do...But we're saying to them...are we going with it or not?"
On Saturday, Senate Majority Leader Mitch McConnell announced there would be a vote on specific stimulus measures, including another round of Paycheck Protection Program for small businesses, on Tuesday and Wednesday.
Democrats have been pushing for a larger stimulus bill of over $2 Trillion rather than piecemeal portions of the bill individually. Republicans have been unwilling to pass a bill that high.
As unemployment numbers rise and enhanced unemployment insurance runs out, many small businesses are closing and the pressure to pass a new stimulus bill has become increasingly urgent.
Mnuchin and Pelosi met on Saturday for 1 hour to negotiate the new stimulus bill but have yet to reach an agreement.
Developing Story
Photo Source: Congress.gov
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