Biden team, pushing quick stimulus deal, prepares for new recession

Until now, Mr. Biden, Speaker Nancy Pelosi of California and Senator Chuck Schumer of New York, the Democratic leader, have insisted that Republicans agree to a spending bill of $2 trillion or more, while Senator Mitch McConnell of Kentucky, the majority leader, wants a much smaller package. The resulting impasse has threatened to delay additional economic aid until after Mr. Biden’s inauguration on Jan. 20.

Many of the president-elect’s advisers have become convinced that deteriorating economic conditions from the renewed surge in Covid-19 infections and the looming threat of millions of Americans losing jobless benefits in December amid a wave of evictions and foreclosures require more urgent action before year’s end. That could mean moving at least part of the way toward Mr. McConnell’s offer of a $500 billion package.

But top Democrats remain publicly adamant that Republicans need to move closer to their opening offer of $2.4 trillion. Mr. Biden, Ms. Pelosi and Mr. Schumer have given no public indication of how much they are willing to scale back their ambitions in order to reach a deal with Mr. McConnell, arguing that the Republican leader has not been willing to compromise.