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Pelosi Says Democrats Willing to Cut Stimulus Proposal ‘In Half’

Published 08/18/2020, 02:55 PM
Updated 08/18/2020, 03:18 PM
© Bloomberg. U.S. House Speaker Nancy Pelosi, a Democrat from California, waits for a television interview at the Russell Senate Office Building on Capitol Hill in Washington, D.C., U.S., on Tuesday, Aug. 11, 2020. President Donald Trump's weekend set of executive actions aimed at shoring up the U.S. economy while stimulus talks remain stalled in Congress seems to have done little to add urgency to the negotiations.

(Bloomberg) -- House Speaker Nancy Pelosi indicated that Democrats were ready to cut their stimulus proposal “in half” to get a deal with Republicans on relief vital to support the U.S. economy amid the Covid-19 crisis, but an aide later said that wasn’t what she meant.

“We’re willing to cut our bill in half to meet the needs right now,” Pelosi said in an interview with Politico Playbook on Tuesday.

Asked about her statement, Drew Hammill, a Pelosi spokesman, said in an email that the speaker was referring to her previous stance of meeting Republicans “halfway, not cutting our bill in half.”

The Democratic-controlled House had passed a stimulus package worth about $3.5 trillion in May, which died in the Senate. Talks between Democratic leaders and the White House, which endorsed a $1 trillion proposal, have been stalled since Aug. 7. Pelosi had previously said Democrats could cut their top-line by $1 trillion if the Republicans moved up by $1 trillion.

©2020 Bloomberg L.P.

© Bloomberg. U.S. House Speaker Nancy Pelosi, a Democrat from California, waits for a television interview at the Russell Senate Office Building on Capitol Hill in Washington, D.C., U.S., on Tuesday, Aug. 11, 2020. President Donald Trump's weekend set of executive actions aimed at shoring up the U.S. economy while stimulus talks remain stalled in Congress seems to have done little to add urgency to the negotiations.

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