Trump says he's considering coronavirus stimulus proposal above $1.8T amid impasse

  • Trump says he's considering coronavirus stimulus proposal above $1.8T amid impasse

Trump says he's considering coronavirus stimulus proposal above $1.8T amid impasse

Small businesses continue to close, more people see their money running out, rent payments are late, mortgage payments are late, economists say this is a classic case for flooding the zone with money - and yet there is still no agreement on a new COVID-19 relief bill because Democrats want 2.2 trillion and the president's offering 1.8. "Republicans are ready to go, I am ready to sign!"

U.S. Treasury Secretary Steven Mnuchin will keep trying to reach a deal on coronavirus relief with House Speaker Nancy Pelosi before the November 3 election, he said on Thursday, adding that disagreements over a national strategy to test people for the deadly COVID-19 disease will not tank negotiations.

Trump, who is running for reelection in the vote next month, told Fox Business Network he has already directed Treasury Secretary Steven Mnuchin to put a bigger stimulus offer on the table, saying additional money would go to help US workers.

Speaker of the House Nancy Pelosi, D-Calif., meets with reporters at the Capitol in Washington, Thursday, Oct. 8, 2020.

Trump admitted that he is putting pressure on Treasury Secretary Steve Mnuchin to cut a deal even if he has to make more concessions. "This issue is being overblown", Mnuchin said in an interview with CNBC. The GOP-held Senate refused for months to consider a House stimulus bill and eventually passed only a puny $350 billion measure. "We like stimulus, we want stimulus and we think we should have stimulus", Trump said.

"She's asking for all sorts of goodies". She wants to bail out badly-run Democrat states and cities.

"(My) pride couldn't let it happen", he said.