Mnuchin says he's close to resuming stimulus talks with Pelosi
Treasury Secretary Steven Mnuchin on Thursday said he will soon resume talks with House Speaker Nancy Pelosi (D-Calif.) about another coronavirus relief package.
Mnuchin told the Senate Banking Committee that he has "probably spoken to Speaker Pelosi 15 or 20 times in the last few days" on a continuing resolution to extend government funding, and "we've agreed to continue to have discussions about the CARES Act." He also asked Congress to give him the authority to distribute $130 billion in unused Paycheck Protection Program funds to provide loans to small businesses hit particularly hard by the coronavirus pandemic. The deadline to apply for PPP loans was Aug. 8.
Pelosi told reporters that she will "hopefully soon" start negotiations with Mnuchin, and for now is talking with her caucus and leadership. "We'll see what we're going to do," she said. "But we're ready for a negotiation. That's what we're ready for."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Top Democrats spent Thursday working on a $2.4 trillion relief package that could be used in negotiations or be voted on as a stand-alone package sometime soon, a senior Democratic aide told The New York Times. The House approved a $3.4 trillion rescue measure in May, which Republicans said was bloated and had no chance of passing the Senate.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
The new powers to stop stalking in the UK
The Explainer Updated guidance could help protect more victims, but public is losing trust in police and battered criminal justice system
By Harriet Marsden, The Week UK Published
-
'Criminal trail?'
Today's Newspapers A roundup of the headlines from the US front pages
By The Week Staff Published
-
Grindr 'shared user HIV status' with ad firms, lawsuit claims
Speed Read LGBTQ dating app accused of breaching UK data protection laws in case filed at London's High Court
By Rebecca Messina, The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published