WASHINGTON — Frantic negotiations are expected to continue through the weekend on another round of coronavirus economic relief — even as top Republicans like Senate Majority Leader Mitch McConnell express doubt that a deal can be reached before the election in 25 days.
According to multiple reports, President Trump is now eager to reach a deal after ordering an end to the talks between House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin on Tuesday — a move that sent the stock market plummeting.
White House economic adviser Larry Kudlow told Fox Business that the president had approved a “revised package” for Mnuchin to offer to Pelosi ahead of a phone call between the pair slated for Friday afternoon.
“The president has approved a revised package. He has approved a revised package. He would like to do a deal,” Kudlow said.
In a subsequent tweet, Trump said: “Covid Relief Negotiations are moving along. Go Big!”