This past week Trump proposes $1.8 trillion stimulus package. President Donald Trump has signed off on a roughly $1.8 trillion stimulus offer marking the highest top line dollar figure the administration has put on the table to this point.The direct involvement of Trump himself and his willingness to put down an offer far above the preferences of congressional Republicans adds a dynamic new element to long-stalled negotiations. Trump has mostly relied on Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows to handle the details of the talks with Pelosi.

The new $1.8 trillion offer is an increase from the White House’s most recent proposal of around $1.6 trillion, which Pelosi had dismissed as too meager. Among the changes: The new offer proposes $300 billion for cities and states, up from $250 billion in the earlier proposal; it maintains a $400 weekly enhanced unemployment insurance benefit from the previous version.

The White House’s offer nearly doubles the original proposal from Republicans when talks began in late summer but is about $400 billion less than the $2.2 trillion bill Democrats previously passed.

“This proposal amounted to one step forward, two steps back,” House Speaker Nancy Pelosi said of the Trump administration’s stimulus offer in a letter to her members Saturday. “When the President talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold, rather than agreeing on language prescribing how we honor our workers, crush the virus and put money in the pockets of workers,” Pelosi said.

Trump’s sudden desire for a huge spending bill does not match the mood from many Republicans on Capitol Hill, who have been opposed to the idea of a big package less than four weeks before the November elections. This new trump portal of $1.8 trillion comes as there are signs that the U.S. economy is hitting a rough patch several months into a partial recovery. A number of companies in the past few weeks have begun layoffs and furloughs, particularly in the travel industry.




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