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Photo: Alex Wong/Getty Images

Speaker Nancy Pelosi told CNBC's Jim Cramer Tuesday that there is "real optimism" that a coronavirus stimulus deal could come together "in the next few hours."

Driving the news: One "big change" in the negotiations that Pelosi highlighted was the fact that Senate Republicans and the Trump administration agreed to House Democrats' oversight language for the $500 billion fund designed to help impacted industries.

What she's saying: "This bill will be a trillion-dollar bill, which nobody even saw until Saturday. So while we all appreciate the urgency, it's a big responsibility to do it right and, where we can find shared values, to do that."

  • She said that her preference to get the bill passed would be via unanimous consent in the House — but noted that certain "poison pills" from Republicans could jeopardize that.

The other side: Senate Majority Leader Mitch McConnell echoed Pelosi's optimism on the Senate floor Tuesday, saying he believes negotiators are on the "five-yard line."

  • "It's taken a lot of noise and a lot of rhetoric to get us here. That, of course, sometimes happens in this town. ... Today we can make all of the Washington drama fade away. If we act today, what Americans will remember and what history will record is that the senate did the right thing.”

The big picture: The stock market responded positively to the current state of negotiations on Tuesday morning, jumping more than 5% at the market's open.

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

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