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White House to offer new $1.8 trillion coronavirus relief package to Democratic leadership

Treasury Secretary Steven Mnuchin is expected to present the offer to House Speaker Nancy Pelosi on Friday

President Donald J. Trump, joined by Treasury Secretary Steven Mnuchin, Advisor to the President Ivanka Trump, and Director of the National Economic Council Larry Kudlow, participates in a video teleconference with banking executives
Director of the National Economic Council Larry Kudlow, far right, at White House
White House/Shealah Craighead
Updated: October 9, 2020 - 1:43pm

The White House announced Friday that it is preparing a $1.8 trillion offer for a coronavirus relief package to be issued to congressional Democrats, led by House Speaker Nancy Pelosi. 

Treasury Secretary Steven Mnuchin has been the chief White House and Republican negotiator with Pelosi. They are expected to talk Friday about the new proposal, which is significantly more than the roughly $1 trillion previously offered.  

The effort by Congress to pass another bipartisan relief bill that Trump will sign has essentially stalled since May when House Democrats passed their version, worth about $3 trillion. Last week, they passed a $2.2 trillion version. 

The president has offered his approval on the new deal, tweeting Friday morning, "Covid Relief Negotiations are moving along. Go Big!"