Negotiations on stimulus package collapse on Capitol Hill, Trump to sign executive orders

Capitol Hill negotiations between the White House and congressional Democrats on another coronavirus stimulus package collapsed Friday, which is expected to result in President Trump signing executive orders on home evictions and student loan debt.

“Unfortunately we did not make any progress today,” said Treasury Secretary Steven Mnuchin, a key negotiator who also said the president is now likely to issue the executive orders.

White House Chief of Staff Mark Meadows said: “This is not a perfect answer. We’ll be the first ones to say that, but it is all that we can do, and all the president can do within the confines of his executive power.”

The breakdown Friday follows weeks of negotiations after enhanced jobless benefits in the last stimulus package expired July 31.

“It was a disappointing meeting,” said Senate Minority Leader Chuck Schumer, a top negotiatgor with House Speaker Nancy Pelosi and the Democrats.

Earlier in the day, Pelosi said that Democratic leaders would come “down a trillion” if the White House and Senate GOP come “up a trillion” with the fourth stimulus package.

Pelosi explained that Democrats asked for the White House and Mnuchin to spend $1 trillion more above their original $1 trillion stimulus proposal but the request was rejected.

Schumer, prior to Friday’s failed meeting, said Mnuchin and Meadows “totally” rejected the compromise offer.

By Nicholas Ballasy

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