May 9, 2020 - Politics & Policy

Trump says he's "in no rush" to pass new stimulus package

President Trump. Photo: Mandel Ngan/AFP via Getty Images

President Trump said Friday while talking to House Republicans 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.

The state of play: White House economic adviser Larry Kudlow told reporters Friday, "We've kind of paused as far as formal negotiations go ... Let's have a look at what the latest round [of funding] produces, give it a month or so to evaluate that," per AP.

  • Conservatives in Congress have reservations about passing another financial rescue bill.

The other side: House Speaker Nancy Pelosi (D-Calif.) said the next spending bill should be "big and bold," Bloomberg reports.

  • The package Pelosi is putting together includes $500 billion in requests from governors, cities and counties, and up to $300 billion to prevent widespread layoffs of frontline workers, AP notes.

Go deeper... Read: The $2 trillion coronavirus stimulus bill

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Alayna Treene
Aug 7, 2020 - Politics & Policy

White House recommends Trump issue executive orders on coronavirus aid

Treasury Secretary Steve Mnuchin (L) and White House Chief of Staff Mark Meadows speak to the media on Capitol Hill. Photo: Mandel Ngan/AFP via Getty Images.

White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin said President Trump should sign executive orders unilaterally addressing coronavirus stimulus spending after negotiations with congressional Democrats stalled again on Friday.

Why it matters: Friday was viewed as a self-imposed deadline to negotiate a new relief bill. But after an intense week of negotiations on Capitol Hill, White House and Democratic leadership failed to reach a deal on delivering much needed aid to Americans and businesses.

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Ursula Perano
Aug 7, 2020 - Politics & Policy

Pelosi, Schumer say July jobs report underscores need for next coronavirus stimulus

Photo: Samuel Corum/Getty Images

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer argued Friday that July's jobs report showcased the urgent need for Congress to pass another coronavirus stimulus.

The state of play: Congressional Democrats and Republicans remain miles apart on stimulus talks as the August recess looms. Schumer and Pelosi have argued for another massive package while Republicans eye a more pared-back solution — and President Trump has threatened executive action amid the logjam.

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Jacob Knutson
Aug 7, 2020 - Politics & Policy

Trump: "We are going a different way" on coronavirus aid

President Trump. Photo: Jim Watsonn/AFP via Getty Images

President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.

What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.