Speaker Nancy Pelosi (D-Calif.) told CNN on Tuesday she would "absolutely" be willing to forgo the House's August recess to reach a deal for another relief package to help the country battle the health and economic crises caused by the coronavirus.

The big picture: Pelosi indicated the package would earmark money for coronavirus testing and contact tracing, as well as assistance for state and local governments whose budgets are in dire financial straits due to revenue shortfalls caused by the recession.

What she's saying:

"Oh we absolutely have to. We also have to come to an agreement. The timetable is the timetable of the American people needing their unemployment insurance, their direct payments, their assistance for rent and mortgage foreclosure, forbearance in terms of that. And we need it for states and localities to be able to pay their employees who are meeting the needs of their constituents. And you know what, we need it to open the economy by testing, tracing, treating, isolating."

The other side: Senate Majority Leader Mitch McConnell (R-Ky.) said Monday that Senate Republicans will open negotiations with Democrats once they finish their own proposal for the next round of stimulus next week.

  • "We shouldn't lightly add more to the national debt, but I'm predicting that we will have one more rescue package, which we'll begin to debate and discuss next week," McConnell said at a press conference.

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Mnuchin says Trump executive orders were cleared by Justice Department

Treasury Secretary Steven Mnuchin insisted on "Fox News Sunday" that President Trump's executive orders on coronavirus aid were cleared by the Justice Department's Office of Legal Counsel, and said that Democrats are going to "have a lot of explaining to do" if they choose to challenge them in court.

Why it matters: Democrats and even some Republicans have criticized Trump's decision to circumvent Congress to extend unemployment benefits as executive overreach, given that the Constitution gives Congress power to appropriate spending.

Kudlow says he regrets claiming Trump couldn't use executive order for unemployment

White House economic adviser Larry Kudlow said on CNN's "State of the Union" Sunday that he regrets suggesting this week that unemployment benefits can only be extended by Congress.

Why it matters: President Trump's decision to bypass Congress to sign four executive actions, including one that provides $400 per week in extra unemployment benefits, has prompted outcry from Democrats and even some Republicans who believe he is overstepping his constitutional authority.

Trump says G7 summit will be delayed until after the election

President Trump told reporters on Monday that he wants to delay the G7 summit until after November's election and implied that the decision had already been made.

The big picture: Plans for the summit have already been scrapped multiple times, with proposed venues moving from the Trump National Doral resort in Miami to Camp David. In May, Trump postponed the in-person event in Washington, D.C. to September.