WASHINGTON – In another turn of events from when he shut the door on negotiations just last week, President Trump now says he’s personally willing to put through a stimulus deal that’s even bigger than the one democrats are trying to offer at 2.2 trillion.
For Senate Republicans, however, that’s a slim chance since they’ve already compromised and moved their number up to $1.8 trillion, according to a statement from the White House’s economic advisor.
That’s still a difference of about $400 billion dollars, but it’s the smallest price gap since the latest round of negotiations began.
Republicans say they refuse to increase the nation’s debt by moving that figure any higher, while democrats say it’s a necessary price to pay being in the middle of a pandemic to provide services like increased testing and tracing for COVID-19, as well as funding for the Affordable Care Act, something most Republicans want to do away with.
There are a few areas where both republicans and democrats seem to agree on, though, like more unemployment benefits, funds for hospitals and PPE, schools, and a $1200 stimulus check package for the people.
President Trump and other politicians have suggested passing those as separate bills now and negotiating the rest separately, but House Speaker Nancy Pelosi has rejected this piecemeal approach.
Speaker Pelosi’s refusal to compromise is something that a number of democrats, the latest being the Blue Dog Coalition, have gone on record to say they disagree with.
Meanwhile, several billion dollars from the last stimulus, The Coronavirus Aid, Relief, and Economic Security Act (CARES), still haven’t even been spent.
Treasury Secretary Steven Mnuchin and Chief of Staff Mark Meadows wrote a letter on Sunday urging the House and Senate to start by opening up those unspent funds.