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Pelosi, Mnuchin fail to succeed in stimulus deal however will proceed talks as Home pushes forward with vote

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U.S. House Speaker Nancy Pelosi (D-CA) addresses her weekly news conference with Capitol Hill reporters at the U.S. Capitol in Washington, U.S., June 18, 2020.

Jonathan Ernst | Reuters

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus stimulus deal during a more than 90-minute meeting Wednesday. 

The pair will continue discussions as they try to craft an elusive fifth relief package that could pass both chambers of Congress, the California Democrat said in a statement. Meanwhile, House Democrats plan to vote on their $2.2 trillion rescue legislation later Wednesday — a largely symbolic action as Senate Majority Leader Mitch McConnell has already opposed the plan.

The House speaker said she and Mnuchin had an “extensive conversation” and “found areas where we are seeking further clarification.” Entering the talks, Mnuchin said the White House and Democrats had found common ground on issues including direct payments, small business loans and airline aid. But reports indicate they still need to resolve disputes over state and local government aid and liability protections for businesses, among other topics.

Pelosi and Mnuchin met in person for the first time since last month, raising hopes of Congress approving more aid to boost the U.S. economy and health-care system before the Nov. 3 election. Both officials sounded more optimistic about the prospect of a deal earlier in the day as Mnuchin prepared to offer a roughly $1.5 trillion package to counter Democrats’ proposal. 

Speaking to reporters as he left the Capitol, the Treasury secretary said the sides “made a lot of progress over the last few days,” according to NBC News. 

“We still don’t have an agreement, but we have more work to do. And we’re going to see where we end up,” he said. 

This story is developing. Please check back for updates.

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Katherine Clark