White House aides downplay coronavirus aid chances; Pelosi blasts Trump, but discusses airline help

Published 10/07/2020, 08:59 AM
Updated 10/07/2020, 08:32 PM
© Reuters. White House Chief of Staff Mark Meadows speaks to reporters about President Trump's health after he was tested positive for COVID19

By Richard Cowan and Susan Cornwell

WASHINGTON (Reuters) - Top White House officials on Wednesday downplayed the possibility of more coronavirus relief, while House Speaker Nancy Pelosi disparaged President Donald Trump for backing away from talks on a comprehensive deal.

White House Chief of Staff Mark Meadows told reporters that "the stimulus negotiations are off," echoing Trump's announcement on Tuesday, and said in an interview on Fox News the administration backed a more piecemeal approach to help some sectors of the economy.

But in a separate interview with CNBC, White House economic adviser Larry Kudlow said that approach would likely not work either.

"Right now in terms of the probability curve, this would probably be low low-probability stuff."

On Tuesday evening, after having shut down the negotiations on a comprehensive coronavirus package during the day, Trump wrote on Twitter that Congress should pass money for airlines, small businesses, and stimulus checks of $1,200 for individuals.

Pelosi told ABC's "The View" that Trump's tweets were an effort to rebound from "a terrible mistake," but she brushed aside questions about doing a slimmed-down aid package, still favoring a comprehensive version.

"It is really important for us to come to this agreement," she said.

Pelosi spoke with Treasury Secretary Steven Mnuchin by phone on Wednesday evening about a potential standalone bill for $25 billion in aid to airlines that Democrats tried to advance last week, her spokesman wrote on Twitter.

Mnuchin, who had been Pelosi's negotiating partner as they tried to reach a comprehensive package in recent days, agreed to talk again on Thursday, the spokesman, Drew Hammill, said.

As for Trump's suggestion about the stimulus checks, Pelosi told ABC: "All he has ever wanted in the negotiation is to send out a check with his name printed on it."

Trump's canceling of talks with lawmakers on pandemic aid rattled Wall Street on Tuesday, although Wall Street's main indexes jumped on Wednesday as investors grew hopeful of at least a partial deal.

The Democratic-led House has already passed legislation seeking a wide range of aid as the novel coronavirus continues to spread, infecting an estimated 7.5 million people in the United States and killing more than 210,000 - the highest death toll in the world. But the measure did not advance in the Senate.

© Reuters. FILE PHOTO: White House Chief of Staff Mark Meadows rubs his head as U.S. Navy Commander Dr. Sean Conley speaks about U.S. President Donald Trump's health, in Bethesda

In private negotiations, Pelosi and Mnuchin were unable to close a gap between the $2.2 trillion in new aid Democrats sought and around $1.6 trillion the White House signaled it could accept. But that lower figure was likely to face staunch opposition from some Senate Republicans.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.