*White House Preparing New $1.8 Trillion Stimulus Proposal—Sources
*Last White House Offer Was $1.6 Trillion
(Article below will update)
The White House is preparing a $1.8 trillion coronavirus relief offer, its largest proposal to date in the long running negotiations with congressional Democrats, according to people familiar with the discussions.
Treasury Secretary Steven Mnuchin is expected to discuss a new $1.8 trillion proposal with House Speaker Nancy Pelosi (D., Calif.) when the two speak Friday. The White House proposal marks a further winnowing of the distance between the administration and Democratic leaders over the bill’s overall price tag.
“Covid Relief Negotiations are moving along. Go Big!” President Trump said in a tweet Friday.
Democrats last week passed a $2.2 trillion aid package, a scaled-back version of their earlier $3.5 trillion legislation. Mr. Mnuchin had previously proposed a $1.6 trillion offer.
White House adviser Larry Kudlow said Friday that Mr. Trump had approved moving ahead with a revised stimulus offer that would include aid for small businesses and airlines, as well as checks for households.
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