But Senate Majority Leader Mitch McConnell (R-Ky.) threw cold water on the possibility that a breakthrough could earn support from his members, who remain resistant to a package costing more than $1 trillion. McConnell said the sides remain “very, very far apart.”
Pelosi on Wednesday agreed to postpone voting on a $2.2 trillion bill to continue talks with Mnuchin in hopes of a last-minute breakthrough. Mnuchin countered with a $1.62 trillion proposal, “offering more state and local assistance than GOP negotiators have to date in a sign of potential progress toward a deal,” Roll Call’s Lindsey McPherson reports.
Per McPherson, “A person briefed on Mnuchin’s plan said it included $250 billion for state and local governments, which is $186 billion less than Democrats want in their latest $2.2 trillion package, but $100 billion more than the White House offered in talks that broke down over the summer.” The Treasury