The White House substantially increased its offer to Democrats on a coronavirus-relief package, further closing the gap between the parties in the on-again, off-again effort to pass new aid for households and businesses before the election. Treasury Secretary Steven Mnuchin presented to House Speaker Nancy Pelosi (D., Calif.) a proposal of more than $1.8 trillion on Friday, in the largest bid the Trump administration has made to Democrats over months of talks.

Source: Wall Street Journal October 09, 2020 16:12 UTC