House Minority Leader Kevin McCarthy said negotiators are making progress on stalled talks over emergency aid for small businesses, which comes one day after a small business loans program has run out of cash and as unemployment numbers continue to climb
“A deal would look like the PPP … You could possibly get some hospital. I think that would be the deal. I don’t think you’d get any state money. … that’s where I think it would end,” said McCarthy, who flew back to D.C. this week and had a meeting in the Oval Office with President Donald Trump and Treasury Secretary Steven Mnuchin Thursday night. “I’m fine with doing some hospital [money].”
The shift tone — which comes as both sides are facing mounting pressure to reach an agreement — could pave the way for a potential deal following over a week ofThe shift in tone comes after both sides are facing mounting pressure to reach an agreement. Republicans spent all week hammering Speaker Nancy Pelosi and Democrats for holding up critical aid to small businesses. “I think it’s backfiring on Pelosi,” McCarthy said.
As far as timing, the Senate is scheduled to hold a pro forma session on Monday at 2 p.m., while the House is scheduled to hold one the following day. McCarthy acknowledged there could be a vote as soon as next week if they reach a deal.
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