STARK MILESTONE: More than 150,000 AMERICANS have died from the coronavirus. AND NOW ONTO COVID NEGOTIATIONS … THESE TALKS are going predictably horrible. They have totally stalled, and enhanced unemployment insurance runs out Friday. MARK MEADOWS said this Wednesday: "We're nowhere close to a deal. … Enhanced unemployment insurance provisions will expire." AT THE MOMENT, THE DYNAMIC IS THIS: PELOSI and Senate Minority Leader CHUCK SCHUMER hold all the cards, mostly because they're the only ones who have passed a bill and Republicans, as Senate Majority Leader MITCH MCCONNELL put it, are all over the lot. MEADOWS and STEVEN MNUCHIN are fighting for a president who doesn't mind big spending, but the WH chief of staff and Treasury secretary have to contend with the reality of divided government, and a Senate GOP Conference split in about 30 directions. MEADOWS seems pretty bearish on a deal privately and publicly, while MNUCHIN is holding out hopes of working with Democrats. WATCH FOR THIS TODAY: THE ADMINISTRATION will try to break the logjam with something -- a public pronouncement that they are willing to move on unemployment insurance. LOOK FOR A BUNCH OF NEW GOP offers today on unemployment insurance. Sen. MITT ROMNEY (R-Utah) has a proposal, which we laid out Wednesday night. Sen. RON JOHNSON (R-Wis.) is going to put out a proposal too, which would give 66% of wages or some amount less than $600. A SENIOR ADMINISTRATION OFFICIAL: "THERE'S A DEAL TO BE MADE a much greater number than where Senate Republicans are, and somewhat less than where House Democrats are on unemployment that can be reached by Friday. There's a PPP extension satisfactory to Democrats, funding [community development financial institutions], renter eviction protection." DEMOCRATS, meanwhile, rightly note that Republicans have yet to find consensus. BOTH SIDES are betting the other will cave. Dems think Republicans will give in to a big package, the GOP thinks Dems will back an unemployment proposal without a larger deal. Coverage: POLITICO … WaPo … NYT … WSJ JOHN BRESNAHAN and MARIANNE LEVINE: "'The odd couple': Mnuchin and Meadows struggle to make a deal": "On Tuesday afternoon, Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows were getting grilled by GOP senators during a closed-door lunch in the Hart Senate Office Building. "A number of Republicans … were pressing them about exactly how much federal money for a new coronavirus relief package they were willing to spend as part of bipartisan negotiations. Was the White House prepared to agree to a bill costing more than $1 trillion, the price tag of the newest Senate GOP proposal? And if so, how much more? "Then Meadows stood up and told the senators he was OK with shutting down Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer's most outrageous requests. 'I'm comfortable saying "no" and being the skunk at the garden party,' Meadows insisted. … [T]he self-described 'odd couple' have emerged as central players in a Washington drama that could decide whether Donald Trump can save his presidency, as well as how far the U.S. economy sinks amid the coronavirus pandemic." WAPO'S PAUL KANE: "Born-again fiscal conservatives are sign of Trump's weakening hand in Congress": "From the presidentially ambitious Sens. Ted Cruz (R-Tex.) and Josh Hawley (R-Mo.), to onetime deficit hawks like Sen. Patrick J. Toomey (R-Pa.), conservatives are abandoning the president as his top aides struggle with negotiations on a pandemic relief bill that is Trump's last, best chance to pass legislation that could help his floundering reelection bid. "Ignoring their own record of support for adding trillions of dollars to the national debt, these conservatives have signaled that they think, in a post-Trump Republican Party, that deficits will return to the forefront just as they did in the first years of the Obama administration." FRONTS: NYT … N.Y. POST … WSJ DRIVING TODAY: Secretary of State MIKE POMPEO will be on Capitol Hill for a hearing at Senate Finance at 8:30 a.m. WSJ ED BOARD SLAPS TRUMP AROUND, AGAIN: "Trump's Spite-Germany Plan": "Beneath the din of media condemnation, it can be hard to sort the good from the bad in President Trump's unorthodox foreign policy. Some initiatives scorned by foreign-policy elites have been wise, like pulling out of failing arms accords. Yet the Pentagon's plan to withdraw almost 12,000 U.S. troops from Germany is far from a stroke of populist genius. It's a blow to U.S. interests that won't fulfill the cost-saving objective Mr. Trump claims to be concerned with. … "Mr. Trump is legitimately impatient about Germany's failure to meet its Nato defense commitments, its support for Russia's gas pipeline, and its naivete about China. He might have emphasized the last point by announcing that the Indo-Pacific is now a more important theater than Europe and moving a few thousand U.S. troops to Asia to pressure Berlin. "Instead he appears to be undermining America's military position out of pique—moving U.S. forces to punish Germany, though many will go to countries that also aren't pulling their weight. Oh, and in the middle of an election campaign he's undermining the case, which he supported with action over three years, that he is tougher than Democrats on Mr. Putin. Mr. Trump's erratic foreign-policy impulses remain the greatest risk of a second term." NEW -- "A SOCIALLY DISTANCED CONVERSATION": JOE BIDEN, who is speaking at the American Federation of Teachers' virtual convention at 12:15 p.m. today, has released a new clip of him and OBAMA speaking with a middle school teacher from Denver about the challenges facing kids and schools amid the pandemic. The video, the first the campaign has released, is part of a number of calls Biden and Obama did last week. The call -- "Weingarten: Teacher strikes possible in Arizona, Florida, Texas," by Juan Perez Jr.: "Teachers in states like Florida, Arizona and Texas are the most likely to strike in protest of unsafe working conditions amid the pandemic, union leader Randi Weingarten warned Wednesday. "If governors and local leaders reopen schools in places where coronavirus cases are spiking — without first containing the spread or meeting demands for safety measures — teachers can't surrender in negotiations leading up to the start of the school year, said Weingarten, who serves as president of the American Federation of Teachers, in an interview with POLITICO." -- "Georgetown University reverses plans, will start fall semester online," by WaPo's Lauren Lumpkin RBG LATEST … AP: "Ruth Bader Ginsburg undergoes medical procedure at hospital": "Justice Ruth Bader Ginsburg has undergone a nonsurgical medical procedure in New York City and expects to be released from a hospital there by the end of the week, the Supreme Court said Wednesday night. "The court said in a statement that the 87-year-old Ginsburg underwent a minimally invasive procedure to 'revise a bile duct stent' at Memorial Sloan Kettering Cancer Center. The stent had originally been placed last August, when Ginsburg was treated for a cancerous tumor on her pancreas. "The statement said that, according to Ginsburg's doctors, 'stent revisions are common occurrences and the procedure, performed using endoscopy and medical imaging guidance, was done to minimize the risk of future infection.'" AP THE ECONOMY … -- AP: "U.S. is expected to report a record-breaking economic plunge," by Martin Crutsinger: "A huge plunge in consumer spending as people stayed home and avoided shopping, traveling or gathering in crowds as the virus raged is estimated to have sent the economy sinking at a roughly 32% annual rate in the April-June quarter. "That would be more than triple the previous worst quarterly economic fall, a 10% drop set in 1958. Depressed activity in such areas as business investment, home construction and government spending also likely contributed to the worst quarterly contraction on records dating to 1947." -- BEN WHITE: "Trump's dream of a V-shape rebound slowly slips away": "The U.S. economy crashed in historic fashion this year as the coronavirus pandemic ravaged businesses and sent joblessness soaring. The question now for President Donald Trump — trailing in the polls and facing a daunting reelection effort — is just how much conditions can snap back in the months leading up to Election Day. "At least for the moment, the spike in Covid-19 cases, the potential for fresh trouble this fall and a bitter fight over how to pump more federal money into the ailing economy suggest the sharp bounce-back Trump is counting on may not show up in a way he envisions. "And the potential for another leg of the downturn hangs over a president who once counted the economy as by far his strongest selling point to voters." POLITICO -- "Federal Reserve Leaves Rates Near Zero as Economic Recovery Sputters," by NYT's Jenna Smialek |
No comments:
Post a Comment