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Thursday, August 20, 2020

Potential Movement on COVID Aid

House Speaker Nancy Pelosi, D-Calif., suggested that Democrats might be willing to cut more from their proposal to reach agreement on immediate needs and return to do more later. Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell, R-Ky., said Pelosi's decision to break out $25 billion in funding for the U.S. Postal Service from the original Democratic relief plan could provide an opening for talks.

However, any accord is still likely to wait until September. Pelosi said both sides “have to try to come to that agreement now.” She suggested Democrats might go beyond their most recent offer to trim the $3.5 trillion relief package the House passed in May and come back later for the rest.

The Trump administration sees a possibility for Republicans and Democrats to agree on a smaller round of pandemic relief totaling $500 billion that would omit the biggest areas of disagreement, a senior U.S. official said Tuesday night.

Both parties might be able to reach an accord on issues like financial help for the Postal Service, aid to schools and more money for businesses to keep their workers employed, the official said.