How close are Nancy Pelosi and Steve Mnuchin on a Phase 4 deal? CBS reports that they’re closer than ever … physically, anyway. Apparently the House Speaker and Treasury Secretary met in person for the first time last night to discuss the standoff over the stalled COVID-19 relief bill. That follows a failed attempt to get together on an agreement yesterday, CNBC had reported, to which we’ll return in a moment.
Today’s meeting might not have brought them together any closer fiscally, however. House Democrats are still preparing a vote on Pelosi’s latest proposal, a $2.2 trillion package that Senate Republican have already declared DOA:
The House of Representatives is set to vote on a new Democratic-led economic relief package known as the HEROES Act. It comes as House Speaker Pelosi and Treasury Secretary Mnuchin restart negotiations, but Senate Republican support would still be needed to pass any legislation. pic.twitter.com/52NWTn99n2
— CBS News (@CBSNews) October 1, 2020