STREAMING NOW: Watch Now

Stimulus negotiations: Trump signs off on a $1.8 trillion counter offer to Pelosi

President Donald Trump has signed off on a roughly $1.8 trillion stimulus offer to be presented to House Speaker Nancy Pelosi, according to two people with knowledge of the decision, marking the highest topline dollar figure the administration has put on the table to this point.

Posted: Oct 9, 2020 1:54 PM
Updated: Oct 9, 2020 2:16 PM

(CNN) -- President Donald Trump has signed off on a roughly $1.8 trillion stimulus offer to be presented to House Speaker Nancy Pelosi, according to two people with knowledge of the decision, marking the highest topline dollar figure the administration has put on the table to this point.

The direct involvement of Trump himself and his willingness to put down an offer far above the preferences of congressional Republicans adds a dynamic new element to long-stalled negotiations. Trump, to this point, mostly relied on Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows to handle the details of the talks with Pelosi.

The $1.8 trillion figure is up from a $1.6 trillion offer from earlier this week, though it remains below the $2.2 trillion in the bill passed last week by House Democrats -- and Pelosi has been unwilling to go below $2 trillion in negotiations up to this point, people familiar with the matter say.

The details in the offer remain as important, if not more so, than the topline dollar figure. The specifics are not currently known, though they are expected to be presented to Pelosi later Friday.

The movement from the Trump administration underscores the colossal stakes at play regarding relief in response to the Covid-19 pandemic and its economic fallout. The coronavirus, which is still surging in parts of the country, has killed more than 213,000 people in the US, and shutdowns in response to Covid have had broad economic consequences.

A wide-ranging package would attempt to address the twin economic and public health crises that continue to play out -- and top economic officials including Federal Reserve Chairman Jerome Powell have warned inaction could have dire consequences.

But whether the new White House offer will lead to a breakthrough in talks that for months have remained stuck in a ditch is unclear.

Pelosi has said repeatedly that the actually legislative language -- and where that language directs the funds -- has become the most critical aspect of any agreement, pushing particularly for funding for states and localities that have significant budget shortfalls, a key sticking point for the Trump administration.

Trump's willingness to "go big," as he framed it on Twitter on Friday runs risks inside his own party. Republicans in both chambers have voiced concern over any price tag above $1 trillion. Many are opposed to any new aid at all.

Senate Majority Leader Mitch McConnell cast doubt earlier Friday on the possibility that any deal could get passed ahead of Election Day.

"The situation is kinda murky, and I think the murkiness is a result of the proximity to the election," McConnell told reporters at an event in Kentucky. "And everybody trying to elbow for political advantage. I'd like to see us rise above that like we did back in March and April but I think that's unlikely in the next three weeks."

The-CNN-Wire
™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

Terre Haute
Partly Cloudy
74° wxIcon
Hi: 93° Lo: 69°
Feels Like: 74°
Robinson
Partly Cloudy
69° wxIcon
Hi: 93° Lo: 67°
Feels Like: 69°
Indianapolis
Mostly Cloudy
74° wxIcon
Hi: 92° Lo: 70°
Feels Like: 74°
Rockville
Mostly Cloudy
72° wxIcon
Hi: 91° Lo: 68°
Feels Like: 72°
Casey
Partly Cloudy
76° wxIcon
Hi: 92° Lo: 70°
Feels Like: 76°
Brazil
Mostly Cloudy
74° wxIcon
Hi: 92° Lo: 68°
Feels Like: 74°
Marshall
Partly Cloudy
74° wxIcon
Hi: 92° Lo: 68°
Feels Like: 74°
Partly Cloudy, Warm & Muggy
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

TH Rex drop 11th straight

Image

New mural, honoring veterans, on the way to downtown Terre Haute

Image

The need for plasma donations

Image

Broadband survey results find need of expanded coverage in Knox County

Image

Mental health and sports

Image

Accused Michigan prison escapee arrested in the Wabash Valley

Image

What do the new CDC masking guidelines mean for us?

Image

Kevin talks storms followed by a cool down

Image

Redistricting in Indiana

Image

CDC announces new mask guidelines

WTHI Events

 

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Cases: 1413490

Reported Deaths: 25847
CountyCasesDeaths
Cook56254010557
DuPage936411321
Will779841042
Lake691321026
Kane60062816
Winnebago34671524
Madison32372533
St. Clair29976526
McHenry29561299
Peoria23690346
Champaign21566158
Sangamon19585245
McLean18846194
Tazewell17470308
Rock Island15375329
Kankakee14741224
Kendall13481100
LaSalle12954254
Macon11177215
DeKalb10270122
Vermilion10224154
Adams9557128
Williamson8117138
Whiteside7244174
Boone693380
Ogle629184
Grundy605579
Clinton590693
Coles5868101
Knox5728157
Jackson543565
Henry515270
Macoupin497090
Livingston494193
Woodford491883
Stephenson488086
Franklin485878
Effingham482674
Marion4761118
Jefferson4662123
Monroe451494
Randolph430387
Lee423754
Morgan412592
Fulton410559
Logan407066
Christian394275
Bureau384987
Montgomery384274
Iroquois329468
Perry328262
Fayette326856
McDonough305851
Jersey278752
Saline270657
Douglas263536
Union249041
Lawrence244627
Shelby235938
Crawford218026
Bond213624
Cass210327
Carroll204837
Pike200353
Ford194050
Hancock193732
Clark190434
Wayne189653
Warren186450
Jo Daviess183524
Richland181440
White180226
Edgar179742
Washington169225
Moultrie167928
Mason163547
De Witt161129
Piatt155814
Johnson154516
Clay154043
Greene152834
Mercer151734
Wabash147612
Massac143240
Cumberland131019
Menard127912
Jasper116818
Marshall110319
Hamilton89516
Schuyler8127
Brown8086
Pulaski7407
Stark66425
Edwards63512
Calhoun5382
Henderson53414
Gallatin5044
Scott5031
Putnam4943
Alexander48911
Hardin39612
Pope3394
Unassigned632432
Out of IL120

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Cases: 767409

Reported Deaths: 13980
CountyCasesDeaths
Marion1054251805
Lake569191030
Allen42938698
St. Joseph37313568
Hamilton37298426
Elkhart29749470
Tippecanoe23479230
Vanderburgh23201405
Porter19573327
Johnson18822392
Hendricks18072321
Madison13548346
Clark13533198
Vigo12834256
LaPorte12566225
Monroe12546178
Delaware11143198
Howard10672237
Kosciusko9777124
Hancock8740150
Bartholomew8262157
Warrick8069157
Floyd8027182
Grant7366181
Wayne7233201
Boone7184105
Morgan6910143
Marshall6332116
Dubois6274118
Cass6090111
Dearborn601278
Noble599290
Henry5947111
Jackson516377
Shelby510898
Lawrence4922127
Gibson462696
Montgomery458192
Clinton455255
DeKalb455285
Harrison453577
Whitley415745
Huntington415582
Steuben410660
Miami405573
Jasper401155
Knox388391
Putnam385062
Wabash369083
Adams352956
Ripley351271
Jefferson341886
White339654
Daviess3090100
Wells303581
Greene293485
Decatur292593
Fayette286364
Posey281735
Scott280058
LaGrange277572
Clay273348
Washington254037
Randolph247783
Jennings239449
Spencer238731
Fountain235250
Starke229859
Owen222659
Sullivan221343
Fulton208345
Jay202932
Carroll197322
Orange191156
Perry189739
Vermillion180844
Rush177527
Tipton172747
Franklin171935
Parke155216
Pike141734
Blackford138032
Pulaski123648
Newton123036
Benton109715
Brown106043
Crawford105616
Martin92515
Warren87715
Switzerland8348
Union73610
Ohio58111
Unassigned0428