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Trump Presses for Stimulus Deal, Saying ‘Get It Done’

Tony Czuczka
·1 min read

(Bloomberg) --

President Donald Trump pressed for a deal on another round of pandemic aid to jolt the U.S. economic recovery, saying the country “wants and needs” fiscal stimulus.

With Trump receiving treatment at Walter Reed military hospital outside Washington after testing positive for the coronavirus, his tweet on Saturday departed from his health to focus on weeks of partisan deadlock over another stimulus bill.

U.S. House Speaker Nancy Pelosi said Friday that negotiations with the White House will press ahead and Trump’s Covid-19 diagnosis might change the tenor of the talks by underscoring the seriousness of the pandemic. Treasury Secretary Steven Mnuchin tested negative for Covid-19 on Saturday, according to a person familiar with the matter.

The two sides remain far apart on how much of a boost to provide and what it should target. Democrats in the House on Thursday passed a $2.2 trillion package -- down from the $3.4 trillion plan they passed in May -- as their latest offer. Mnuchin has proposed a plan of about $1.6 trillion.

Senate Majority Leader Mitch McConnell said Friday that the talks have “speeded up in the last few days,” though he didn’t make a prediction about the eventual outcome.

(Updates with Mnuchin testing negative in third paragraph. An earlier version corrected the amount of the Democrats’ May stimulus plan.)

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