x

Economy

McConnell Says No COVID-19 Bill Likely Before Election Day

WASHINGTON — President Donald Trump's most powerful GOP ally in the Senate said Friday that Congress is unlikely to deliver another big COVID-19 relief bill before the election, casting doubt on the on-again, off-again negotiations that have failed to deliver results so far despite weeks of talks.

Majority Leader Mitch McConnell told an audience in Kentucky that he doesn't see a deal coming together soon out of a "murky" situation in which the participants in the negotiations are elbowing for political advantage. 

"I'd like to see us rise above that like we did in March and April but I think it's unlikely in the next three weeks," McConnell said.

He spoke after Trump apparently performed an about-face, empowering Treasury Secretary Steven Mnuchin to resume negotiations with House Speaker Nancy Pelosi, D-Calif., on a larger, comprehensive coronavirus relief package despite calling off the talks just days before.

Trump on Friday took to Twitter to declare, "Covid Relief Negotiations are moving along. Go Big!"

And White House economic adviser Lawrence Kudlow told reporters that "developments are positive" and that the "the bid and the offer have narrowed" in advance of a telephone conversation later Friday between Pelosi and Mnuchin.

McConnell remains a skeptic that a deal can come together — and he's has issued private warnings that many Senate Republicans will oppose a deal in the range that Pelosi is seeking.

"We do need another rescue package," McConnell said. "But the proximity to the election and the differences about what is need at this particular juncture are pretty vast."

His remarks capped a tumultuous week in which Trump and sent conflicting signals and made unworkable demands.  On Tuesday, he ordered an end to the weekslong talks after being told that few Republicans in Congress would end up voting for a possible Pelosi-Mnuchin deal.

After taking blowback for that decision, Trump sought to revive the negotiations on Thursday. Yet even as Mnuchin was reengaging with Pelosi, staffers in the White House — working under Chief of Staff Mark Meadows, a key negotiator — were issuing demands for a smaller package stuffed with Trump's priorities.

All of this comes as Trump is sliding in the polls and is sidelined by his COVID-19 infection. The White House is short-staffed and dealing with infections among its staff. And the president and Pelosi are attacking each other's mental health.

That the talks were headed nowhere was an open secret among close observers in Washington, but both sides had been reluctant to declare them dead until Trump did so on Tuesday, making himself a magnet for blame. The talks are still unlikely to produce results in the near term because even if there was a breakthrough, it could take weeks to process.

McConnell says he is open to resuming the negotiations in a post-election lame-duck session, but that prospect is murky as well, depending on the results.

On Friday, Pelosi issued a downbeat assessment in a letter to her colleagues.

"Clearly and sadly, the Administration does not share this priority of crushing the virus. The President does not have the capacity," Pelosi wrote.

RELATED

WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

On Monday, April 22, 2024, history was being written in a Manhattan courtroom.

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

WASHINGTON (AP) — A tiny Philip Morris product called Zyn has been making big headlines, sparking debate about whether new nicotine-based alternatives intended for adults may be catching on with underage teens and adolescents.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.