US Treasury Secretary Steven Mnuchin, on Monday, admitted the possibility of an agreement between the White House administration and Congress to increase Federal assistance to companies and individuals in connection with the COVID-19 epidemic.
“I will continue to work on this. I told the speaker [Nancy Pelosi] that I am ready to negotiate at any time, without any conditions,” he said in an interview with CNBC.
On the eve of the speaker of the House of Representatives, Democrat Nancy Pelosi also expressed optimism.
Meanwhile, the number of cases of coronavirus in the United States continues to grow, exceeding 6.5 million people. The epidemic has killed more than 194,000 Americans.
In mid-May, Pelosi and her fellow Democrats who control the House of Representatives passed a $ 3.4 trillion economic assistance (stimulus plan) bill. The Senate, which has a majority of Republicans, put forward a counter-proposal worth one trillion dollars, but this initiative did not receive enough support. A $ 300 billion package was discussed in the Senate last week, but it also failed to pass.
When asked about measures that President Trump might take if Congress disagrees, Mnuchin noted: “There are restrictions. That is why we must have incentives that help those areas of the economy that need support.”
He added that he looks forward to a bipartisan proposal from lawmakers that could come as early as Monday. A group of lawmakers is preparing a plan that does not provide additional assistance for States and municipalities. Previously, the Democrats insisted on providing service to regional and local authorities, but for the administration, it was unacceptable. This information has not yet been confirmed.
Speaking to reporters at the White House, Mnuchin also said that this week it is planned to finalize the details of the agreement on financing government departments in the next fiscal year, that is, starting from October 1, 2020.