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Trump prepares roughly $1.8 trillion economic relief offer to Pelosi, administration officials say

Trump prepares roughly $1.8 trillion economic relief offer to Pelosi, administration officials say

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a castle on top of a building: The White House is seen in Washington, early Tuesday, the morning after President Trump returned from the hospital where he was treated for COVID-19.


© J. Scott Applewhite
The White House is seen in Washington, early Tuesday, the morning after President Trump returned from the hospital where he was treated for COVID-19.

President Trump made the stunning announcement that he and First Lady Melania Trump had tested positive for COVID-19 early Friday, Oct. 2. Since that time, several others in Trump’s circle have tested positive for the virus. Here’s the latest about what we know:

  2:31 p.m.  

Trump won’t travel over weekend, ending Florida rally plan

By Bloomberg News

President Trump will remain at the White House this weekend, people familiar with the matter said, after he said he wanted to hold rallies in Florida and Pennsylvania despite questions over the stage of his recovery from COVID-19.

Trump, who told Fox’s Sean Hannity late Thursday that he wanted to hold rallies Saturday and Sunday, won’t travel until Monday at the earliest, said the people, who spoke on condition of anonymity.

Trump has been eager to return to the campaign trail, as Democratic nominee Joe Biden widens his lead just weeks before the Nov. 3 election. Trump has released recorded video messages saying he’s well, and his physician said in a statement Wednesday that the president had been free of symptoms for the previous 24 hours.

  2:29 p.m.  

Hope Hicks returned to the White House to help Trump – then the virus hit

By The Washington Post

When she returned to the White House on March 9 after two years away and a lucrative stint in corporate PR, Hope Hicks was supposed to be a talisman to re-create the magic of President Trump’s against-the-odds 2016 campaign.

The Russia investigation that she had been caught up in was over, the impeachment had just ended and the headlines about her

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Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled back approach

Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled back approach

One of Trump’s top economic advisers, Larry Kudlow, said on Fox Business Network that Trump had just approved a new package, and that Treasury Secretary Steven Mnuchin would be speaking with Pelosi “hopefully to put the final touches on this.”

“The gap is narrowing. The bid and the offer, if you will, has narrowed significantly,” Kudlow said. “And, therefore, in Wall Street terms, there may be a trade for some additional assistance for the American recovery from this pandemic contraction.”

A person familiar with the situation, who spoke on condition of anonymity to discuss private negotiations, said Trump had signed off on a counter-offer to Pelosi with a pricetag around $1.8 trillion. Aside from the dollar figure, it was not immediately clear what had changed from the White House’s most recent offer of around $1.6 trillion, which Pelosi dismissed as too meager. Democrats have demanded hundreds of billions of dollars in new aid for states and cities, something Trump has long opposed.

The stock market moved slightly higher on reports of the new Trump offer, as some investors were hopeful that a new spending deal could be reached.

It was unclear if Pelosi would accept the new Trump offer. Pelosi had been pushing legislation around $2.2 trillion in the talks with Mnuchin before Trump abruptly pulled the plug on negotiations Tuesday — only to reverse course after the stock market sunk and some in his own party objected.

“Because it is so necessary to meet the needs of the American people I do hope that we will have an agreement soon,” Pelosi said on MSNBC Friday. She confirmed she would be speaking with Mnuchin later in the day.

As the coronavirus pandemic intensified in March and April, Congress approved $3 trillion in new spending to try and arrest some of

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