WASHINGTON– White House Chief of staff Mark Meadows announced Monday that the White House has increased its stimulus offer as the Tuesday deadline to secure a deal before the election reaches its final hours.
“We’ve increased our offer up to almost $1.9 trillion,” Meadows told reporters on Monday morning. “[The president] is willing to give some additional money in terms of direct payments, he’s willing to give some additional money in terms of PPP to restaurants and hotels and small businesses.”
The White House announcement comes in response to House Speaker Nancy Pelosi’s incistence that a deal must be reached by Tuesday in order for legislation to have a chance of passing before the election. Pelosi — who spoke with Treasury Secretary Steven Mnuchin over the weekend and is expected to talk with him again on Monday — said while there’s been progress, no deal has yet been reached.
“While there was some encouraging news, much work remains,” Pelosi said in a statement Sunday. “I am optimistic that we can reach agreement before the election.”
Pelosi, (D-CA), has proposed a $2.2 trillion package that the White House has steadfastly rejected.