Pelosi, Mnuchin Edge Closer to a Stimulus Deal; Agreement Won't Guarantee Passage

"The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election," her spokeswoman tweeted.

AccessTimeIconOct 19, 2020 at 9:22 p.m. UTC
Updated Sep 14, 2021 at 10:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin narrowed their differences over a proposed pandemic relief package in a phone call Monday afternoon, her spokeswoman tweeted. The two sides are racing to get a package approved before the Nov. 3 election.

  • "The Speaker and Secretary Mnuchin spoke at 3:00 p.m. today for approximately 53 minutes," Drew Hammill, Pelosi's deputy chief of staff, said in her tweet. "In this call, they continued to narrow their differences. The Speaker has tasked committee chairs to reconcile differences with their GOP counterparts on key areas."
  • "The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election," Hammill said. Pelosi has said Tuesday evening is the latest an agreement can be reached for it to be passed by the election.
  • The White House has proposed a $1.8 trillion coronavirus relief measure while Pelosi and the majority House Democrats want $2.2 trillion.
  • A strong caveat, however: Even if the Trump Administration and the House of Representatives reach agreement on a package, passage isn't assured. Many Republicans in the GOP-controlled Senate are balking at the large dollar amounts of the measures being discussed.
  • Why this matters to crypto: Bitcoin (BTC) prices have risen this year as investors wager that trillions of dollars of government and central bank spending around the globe in response to the pandemic-induced slowdown will inevitably result in inflation, and therefore boost the cryptocurrency.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about