Mnuchin Wiki Munchin Biography
On Wednesday, September 30, Treasury Secretary Steven Mnuchin confirmed that the idea of a second round of stimulus controls is not dead. During an interview with Fox Business, he said he had “reached an agreement” with Democratic leaders on the issue of direct payments. “… If there is a deal, there will be direct payments,” he said. Of course, that leaves a very important caveat: an agreement is necessary for these payments to be made.
Mnuchin and House Majority Leader Nancy Pelosi met Wednesday for the first time in nearly two months, The Hill reported. They had a 90-minute meeting in Pelosi’s office. In a statement after that meeting, Pelosi said: “Secretary Mnuchin and I had an extensive conversation and found areas where we are seeking further clarification. Our conversations will continue. ”
The House was scheduled to vote on a $ 2.2 trillion stimulus proposal Wednesday night, but the Democratic leadership postponed the vote until later this week in hopes that Pelosi and Mnuchin can continue to work out the details.
Mnuchin told reporters Pelosi had made “a lot of progress”
He joined @LouDobbs to discuss the latest on negotiations to provide additional financial support to American workers, children and businesses. pic.twitter.com/waCopsgI2h
– Steven Mnuchin (@ stevenmnuchin1) September 30, 2020
It’s been a long summer of near-compromises and failed negotiations for stimulus packages, but both Mnuchin and Pelosi seemed hopeful about the prospects for a deal after their September 30 meeting. According to NBC News, Mnuchin told reporters that they had made “a lot of progress in the last few days” and also said: “We don’t have a deal yet, but we have more work to do. And let’s see where we end up. ”
According to CNBC, Mnuchin said the White House had sided with House Democrats on issues such as direct payments, small business loans and airline aid. However, they still do not line up on issues like state and local government aid and liability protections for companies, the news network reported.
Mnuchin and Pelosi will have another meeting on Thursday, October 1 and will likely give an update on how the talks are going by the end of the week.
Senate Majority Leader Mitch McConnell is less optimistic about reaching a compromise with Democrats in Congress
While Mnuchin and Pelosi have indicated to reporters that there is reason to be optimistic about the odds of another stimulus package reaching Congress, Senate Majority Leader Mitch McConnell has done the opposite. On Wednesday, when asked by journalists about the possibilities of reaching an agreement, he said: “I think it is safe to say that we are very far apart. We are very, very far away. ”
This means that even if Mnuchin and Pelosi reach an agreement, a bill may not make it to Congress. The White House and the House of Representatives cannot pass a bill without approval from the Republican-controlled Senate, so McConnell’s disinterest in these talks matters.