November 10, 2020 - Douglas Myser

Pelosi signals proposal not adequate. Speaker Nancy Pelosi signaled that there has been limited progress in negotiations with the White House over a coronavirus relief package, saying in a letter to her Democratic colleagues that a proposal presented by the Trump administration amounted to "one step forward, two steps back." "When the president talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold, rather than agreeing on language prescribing how we honor our workers, crush the virus and put money in the pickets of workers," Pelosi wrote. "At this point, we still have disagreement on many priorities, and Democrats are awaiting language from the Administration on several provisions as the negotiations on the overall funding amount continue." Pelosi signals proposal not adequate.

White House economic advisor Larry Kudlow said that President Trump had "approved a "revised" coronavirus relief package, although he did not offer specifics. Earlier, Mr. Trump salmmed the door shut on a deal before the election, but then appeared to change his mind, first calling on the House to pass standalone relief bills and then indicating that he would support a large relief package. In a tweet the president said, "Covid Relief Negotiations are moving along. Go Big." In her letter to colleagues, Pelosi said the plan produced by the administration does not include "a strategic plan to crush the virus". She compared it to the HEROES Act which the House passed  last month, which provides a national regimen on testing and tracing.

The $2.4 trillion relief bill would also restore a popular benefit providing an additional $600 per week on top of unemployment benefits, deliver another round of direct payments and provide funding for schools and state and local jurisdiction. The legislation was a slimmed down version of a $3.4 trillion bill the House initially passed in May.

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