We’re dying a death of a thousand cuts on this stimulus thing.
On Wednesday Treasury Secretary Mnuchin, representing President Trump who said he’d support a $1.8 trillion deal, said that he and House Speaker Pelosi are close on some items and far apart on others. The funding for testing for COVID-19 came up as a sticking point. The news of the distance between the two sent the equity markets lower as the chance of a deal before the election appeared to be slipping away.
But wait! Now there’s hope.
In an interview on Fox Business Network, Trump said that he would raise his offer from $1.8 trillion in an effort to get a deal done before the election. Given that he’s trailing by 11 points or so in the national polls, this seems like a pretty good move.
There’s only one thing holding him and a deal back…the Senate.
So far, Senate Majority leader McConnell hasn’t signaled that he has the votes to pass such a big bill.
As they say in the Mecam Auto Auctions… the bid goes on.