Stop me if you’ve heard this before. Nancy Pelosi hopeful a deal is near! Congress really wants Phase 4 before the election! The check will be in the mail!
Both CNN and CNBC think progress is being made on a Phase 4 relief bill, but. Last night, Nancy Pelosi released a new $2.2 trillion proposal, a slight trim off of her earlier $2.5 trillion proposal but still far off from the Senate GOP’s $1 trillion cap. Meanwhile, Pelosi continues to talk with Treasury Secretary Steve Mnuchin, hoping to get the White House to pressure Senate Republicans to loosen up the pursestrings.
Last night’s unveiling of the latest House package had been previewed at CNBC earlier in the evening: