(Oct. 20) Watch live as Senate Minority Leader Chuck Schumer, Senator Dick Durbin, Senator Debbie Stabenow and Senator Elizabeth Warren hold a news conference. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin Tuesday.
Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing and tracing. The two sides are also “in range” on other health care provisions, she said.
In her communication with Democratic colleagues in recent days, Pelosi has emphasized many areas where differences remain. Her optimistic comments in the interview helped stocks extend gains, with the S&P 500 Index up 1.4% as of 1:46 p.m.
Pelosi flagged that assistance to state and local authorities and providing income assistance to working families remain areas where work is needed. On a Republican push to provide businesses with liability protection against virus-related lawsuits -- a particular priority for Senate Majority Leader Mitch McConnell -- she expects to present a counter-offer to Mnuchin Tuesday afternoon. She said a compromise is possible based on strong government Covid-19 workplace regulations.
“We are starting to write a bill,” Pelosi said. “We all want to get to an agreement.”
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