Treasury Secretary Mnuchin to testify before House coronavirus panel amid stimulus impasse


Then Mnuchin and Pelosi spoke, but again, there was no progress, although Mnuchin said he would negotiate the next coronavirus relief package "with no conditions whatsoever any time".

McConnell, during a conference call with Senate Republicans, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows, said "that every member who's up [for reelection] who has any hint of vulnerability wants a bill that gets 51 votes", according to an unidentified source of The Hill that is familiar with the call.

Mnuchin is due to testify on Tuesday before the Democrat-controlled House Select Subcommittee on the Coronavirus Crisis on the administration's economic response.

Senate Republicans told reporters the stimulus bill they'd vote on next week would be in the $500 billion ball park. There is also a debate on offering businesses liability protection from coronavirus-related lawsuits.

Congressional lawmakers are set to return to work next week (or at least what passes for work in Congress), but their willingness to meet somewhere in the middle on the next relief package is in doubt.

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Democrats want to set aside nearly $1 trillion, but Republicans will only support $150 billion for them. A new poll from Gallup this week shows 7 in 10 would be in favor of the government sending a second round of stimulus checks to qualified individuals. He called for a bipartisan deal in Congress to "deliver some relief quickly to the American workers impacted by this".

Still, Mnuchin highlighted the areas where the two sides appear to agree. The Trump administration has rejected Democratic demands for $915 billion in aid to state and local governments as well as $600 per week in federal supplemental unemployment benefits through the end of the year.

The Treasury secretary cited bipartisan agreement on several key issues, including extending unemployment benefits, providing loans to small businesses and giving Americans another stimulus check.

In an interview on CNBC, Meadows said he expected Senate Republicans' legislation would be "more targeted" than House Democrats' offer and could either be used as a building block or be passed on its own while negotiations continue. Over a month ago, we said that we would be willing to cut a trillion dollars from the Heroes Act if the White House would add one trillion to the Senate bill.