Pelosi Details Major Differences on COVID Stimulus

House Speaker Nancy Pelosi (D-CA) on Thursday acknowledged there are “multiple items of critical importance” to be resolved if there is to be any COVID-19 stimulus deal in the lame duck session that begins after next week’s election. Pelosi has been negotiating primarily with Treasury Secretary Steven Mnuchin on a new pandemic relief package and… Read more »

Senate Democrats Block Targeted COVID Relief Bills

Senate Majority Leader Mitch McConnell (R-KY) has made clear his dislike for the $2 trillion COVID-19 relief bill that is being negotiated by House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin, but rolled out two smaller-scale bills for votes this week that were predictably blocked by Senate Democrats. The first vote was on… Read more »

Senate Remains Roadblock in COVID Stimulus Talks

While House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin inch closer to putting “pen to paper” on a large COVID-19 stimulus package, Senate leaders are discouraging the White House from making a deal ahead of the Nov. 3 election. Senate Majority Leader Mitch McConnell (R-KY) told GOP colleagues this week that a stimulus… Read more »

States See Tax Revenue Drop by $31 Billion

The COVID-19 pandemic has cost state governments an estimated $31 billion in lost tax revenues to date, and those numbers could get worse without agreement on a new federal stimulus package, according to an analysis from Urban Institute. The report from Urban Institute is based on an analysis of state tax revenues collected during the… Read more »

COVID Stimulus Deal Remains Elusive

Principal negotiators on a COVID-19 stimulus package have clung tightly to divergent goals, making a deal unlikely in the few remaining days before the November elections. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-CA) met yesterday and again today after Pelosi rejected a $1.8 trillion offer from the White House last Friday that… Read more »