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Stimulus deal still far off

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have tentatively agreed to use a short-term spending bill to avert a government shutdown on Oct. 1, Politico reported. This was independent of negotiations surrounding additional economic stimulus that are at a stalemate.

  • State of play: Treasury Secretary Steve Mnuchin suggested on Tuesday that the gap between the two sides may be narrowing and mentioned a new, higher number for the administration’s proposed ceiling for the bill: $1.5 trillion, Bloomberg noted. However, Senate Minority Leader Chuck Schumer lambasted Senate Republicans yesterday, accusing his colleagues of only trying to “give the appearance of action.”
  • Why it matters: Although the Senate returns next week, a compromise does not seem any closer. We should start to see actual movement and get a real sense of where things stand the week of Sept. 14.  [Politico+Bloomberg]

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