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White House Floats $1.8 Trillion Stimulus Offer in Last-Ditch Effort: Live Updates

Credit…Pete Marovich for The New York Times

The White House, seeking to revive stimulus talks that President Trump called off just days ago, planned on Friday to put forward its largest offer for economic relief yet, as some Republicans worried about being blamed by voters for failing to deliver needed aid ahead of the election.

The new proposal, for Treasury Secretary Steven Mnuchin to present to congressional Democrats, would increase the White House’s plan for coronavirus stimulus to $1.8 trillion.

The president “would like to do a deal,” Larry Kudlow, director of the National Economic Council, said on the Fox Business Network on Friday, in the latest head-snapping turn in the on-again-off-again negotiations. The overall price tag of the offer was confirmed by two people familiar with the discussions,

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White House backs $400 per week jobless benefit in last-ditch COVID talks with Congress

“We raised our offer to $1.6 trillion,” McEnany told reporters Thursday. “It’s one that she is is not interested in.”

Mnuchin and Pelosi are scheduled to talk by phone early Thursday afternoon, a Pelosi spokesman said.

The Trump administration is pressing for an agreement, more so than Capitol Hill Republicans.

The White House plan, offered Wednesday, gave ground with a $250 billion proposal on funding for state and local governments and backed $20 billion in help for the struggling airline industry. Both areas are of great interest to Democrats’ union backers.

Details on the White House offer were confirmed by congressional aides, speaking on condition of anonymity to discuss closed-door discussions.

Pelosi postponed debate Wednesday on a Democratic alternative measure. A vote is likely on Thursday, spokesman Drew Hammill said, depending on how the Mnuchin-Pelosi exchanges go.

At the very least, the positive tone set by Pelosi and Mnuchin represented

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White House ups bid in last-ditch COVID talks with Congress

WASHINGTON (AP) — The White House is backing a $400 per week pandemic jobless benefit and is dangling the possibility of a COVID-19 relief bill above $1.5 trillion as last-ditch, pre-election negotiations hit a critical phase Thursday.

The offer by Treasury Secretary Steven Mnuchin on unemployment is higher than many Republicans would like in any potential COVID deal with House Speaker Nancy Pelosi. Significant, possibly unbridgeable hurdles remain.

But the talks have gained momentum as the Trump administration presses for an agreement. On Air Force One Wednesday night, White House Chief of Staff Mark Meadows said Trump made an offer that was “extremely generous and certainly above the $1.5 trillion that has been articulated to date.”

The White House proposal yielded ground on funding for state and local governments, supporting a $250 billion infusion, and backed $20 billion in help for the struggling airline industry. Both areas are of great

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