The U.S. Senate has adjourned until Sept. 8, and the House of Representatives is on recess until Sept. 14 — a sign that a deal on the next COVID-19 relief package may be weeks away, according to CNBC.
Congress and White House officials have been in talks for weeks and are in a standoff over the next relief bill. House Speaker Nancy Pelosi, D-Calif., said there won’t be a deal until Republicans offer more aid in their bill.
During negotiations, Democrats offered to reduce the price tag of their relief package by $1 trillion. They entered talks with a package of about $3.4 trillion to $3.7 trillion, according to The Hill. White House officials and Republicans presented a package of about $1 trillion.
If congressional Democrats, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows break the impasse, senators will be given at least 24 hours notice to return to the Capitol for a vote. However, it appears unlikely a deal will be reached before Sept. 8, according to The Hill.
Ms. Pelosi told reporters on Aug. 13 that negotiations would resume when Mr. Mnuchin and Mr. Meadows come back with an additional $2 trillion, according to The Hill. White House economic adviser Larry Kudlow said the $2 trillion commitment isn’t going to happen.
More articles on leadership and management:
‘We can either thrive or survive’: 5 Scripps Health executives on their new roles, priorities and COVID-19
What makes a strong CEO-CFO partnership? 4 health system execs weigh in
4 hospital chiefs join band of New York CEOs pledging to hire 100,000 from underrepresented communities
© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.