Treasury Secretary Steven Mnuchin said Friday that he and senior GOP lawmakers will attempt to draft a targeted stimulus package with Democrats in the coming weeks.
Mnuchin explained that he and White House chief of staff Mark Meadows will later Friday convene with Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarthy, R-Calif., to brainstorm ideas for a more-targeted relief package.
Mnuchin, who with Meadows has led President Donald Trump’s stimulus discussions for months, expressed some optimism that House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., may be more open to a compromise following the 2020 elections.
“I can tell you Mark Meadows and I will be speaking with Mitch McConnell and Kevin McCarthy this morning,” he said. “And we are going to come up with a plan to sit down with Pelosi and Schumer and try to get a targeted bill done for the people that really need it. And hopefully the Democrats will work with us.”
Spokespersons for Pelosi and Schumer did not immediately respond to CNBC’s requests for comment.
Lawmakers have for months struggled to pass additional economic stimulus with little signs of nearing the finish line. Congress passed a historic $2 trillion bill in March known as the CARES Act that included funding for the Paycheck Protection Program, enhanced unemployment benefits and $1,200 direct payments to most U.S. workers. Read from source….