Treasury Secretary Steven Mnuchin said on "Fox News Sunday" that the White House may wait "a few weeks" before considering another relief bill to stem the economic devastation of the coronavirus.

The big picture: President Trump said last week that he's "in no rush" to negotiate a deal for another stimulus package, just as the U.S. reported its worst unemployment rates since the Great Depression.

  • White House economic adviser Larry Kudlow said on ABC's "This Week" Sunday that "many people would like to just pause for a moment" and "take a look at the economic impact of this massive assistance program."
  • He added that there are no "formal negotiations" yet on a new stimulus bill, but that there has been outreach between the two sides.
  • Meanwhile, House Speaker Nancy Pelosi (D-Calif.) has said that Democrats may introduce a "phase four" coronavirus stimulus bill as soon as this week.

What they're saying: "What the president and I are now saying is we spent a lot of money, a lot of this money is not even into the economy yet," Mnuchin said. "Let's take the next few weeks — I'm having discussions with both the Republicans and the Democrats to understand these issues. The president and I are having conversations with outside people."

  • "We just want to make sure that before we jump back in and spend another few trillion of taxpayers' money, that we do it carefully. We had an emergency process, it worked quickly, we're there to help the American people. ... We're willing to spend whatever it takes. But whatever it takes needs to be done carefully."
  • Mnuchin claimed there is "no considerable risk" to public health from rolling back lockdown orders in certain cities, arguing that there's more risk in keeping the lockdown in place due to the potential long-term economic damage.

Between the lines: Trump, Senate Majority Leader Mitch McConnell (R-Ky.) and Pelosi have each set out their red lines for the next phase of relief.

  • Trump has called for a payroll tax cut to incentivize employers to bring back workers, but the idea has been met with resistance from Democrats and some Republicans.
  • McConnell is demanding liability protection for businesses that reopen.
  • Pelosi and Democrats are calling for more funding for states that are suffering from massive revenue losses and budget deficits due to stay-at-home orders.

Go deeper: The geographic inequity of small business coronavirus aid

Go deeper

Updated Aug 17, 2020 - Politics & Policy

House expected to vote on USPS legislation on Saturday


The House of Representatives will be called back from August recess on Saturday to consider legislation related to the U.S. Postal Service, House Majority Leader Steny Hoyer (D-Md.) confirmed on Monday.

Why it matters: Democratic lawmakers say they have been inundated with complaints about policy changes by Postmaster General Louis DeJoy that are disrupting the USPS ahead of an election that will see a record number of mail-in ballots. DeJoy is a former fundraiser for President Trump, who defended him this weekend.

Democrats call postmaster general to testify at "urgent" hearing next week

Nancy Pelosi. Photo: Ting Shen/Xinhua via Getty

Top Democrats in the House and Senate called on Sunday for Postmaster General Louis DeJoy to testify at an "urgent" hearing before the House Oversight Committee on Aug. 24.

Why it matters: Democratic lawmakers say they're being inundated with complaints that changes to the Postal Service, which the Trump administration says are aimed at efficiency, could sabotage ballot-handling. DeJoy was previously scheduled to testify before the committee on Sept. 17.

Pelosi extends House's remote voting period until Oct. 2

House Speaker Nancy Pelosi. Photo: Chip Somodevilla/Getty Images

House Speaker Nancy Pelosi announced Monday she will extend the chamber's remote voting period until Oct. 2 due to the public health emergency caused by the coronavirus pandemic.

Why it matters: The designated period, which began on May 20, marks the first time members of Congress have been allowed to vote remotely. The rules provide that a member can have another member vote on their behalf.