This weekend, House Speaker Nancy Pelosi (D-CA) had seemingly laid down a 48-hour deadline for a stimulus deal to be reached.
As it turns out, it was all for show, as she has dramatically changed her hardline stance since numerous members of her party pushed back.
On Tuesday, Pelosi announced that she was going to work “around the clock” to make sure a deal got done.
Pelosi tried to be a tough guy last week by dropping a hard deadline on Republicans.
It took about ten minutes after her 48-hour deadline went public for there to be backlash for the stance.
She was already getting pushback for walking away from the $1.8 trillion deal the GOP put on the table that had already been pre-approved by Trump.
With the President and Senator Lindsey Graham (R-S.C.) both hinting they would go bigger if need be, Pelosi just looked foolish by setting the hard deadline.
Get It Done
Pelosi probably still will not get everything she wants, but she is going to get some of her wasteful spending included if she does not try to get too greedy.
Even she recognized that after the recent change of heart with Graham and Trump, who are just hoping to have some type of deal passed before election day.
Pelosi’s deputy chief of staff, Drew Hammill, stated, “The speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election.”
From what we have seen reported, the two sides are fairly close with only narrow gaps remaining in the overall package.
The biggest remaining roadblock is going to be how much aid to give to individual states.
Republicans do not mind giving the states aid as it related to the pandemic, but they do not want taxpayers to have to bite off more debt because of the previous mismanagement of finances in states like California and New York.
With both sides finally starting to show some give, we would expect a deal to be completed by the end of the week, probably in the $2 trillion range.
Still far too much for my liking, but it will get the financing needed to small businesses and American workers that are still suffering from the forced shutdown.
Source: Washington Examiner