Majority Leader Mitch McConnell admitted that new coronavirus relief was unlikely to be passed before the election, even as the White House expressed more optimism Friday. Reversing course hours later, Trump on Twitter called for piecemeal relief measures, before negotiating the broader package. Treasury Secretary Steven Mnuchin is expected to discuss the proposal — the largest yet from the Trump administration — with House Speaker Nancy Pelosi when the two speak Friday, according to White House economic adviser Larry Kudlow. TRUMP PREPARING NEW $1.8T CORONAVIRUS RELIEF PACKAGE, URGES LAWMAKERS TO 'GO BIG'It marks an increase from the $1.6 trillion the administration had previously proposed. Pelosi rejected that as "inadequate,” after House Democrats passed a $2.2 trillion aid package last week.

Source: Fox News October 09, 2020 20:48 UTC