"Secretary Mnuchin I hope you will return to the negotiating table prepared to find common cause" Rep Clyburn tells Mnuchin as select committee hearing gets under way
"Mr Jordan I think you may have to unmute yourself"
"I thought I was unmuted I don't know how I got muted"
Went through this same thing earlier today with my second- and third-grade daughters' remote learning !
Mnuchin: "I believe a bipartisan agreement still should be reached" to increase UI, funding for Postal Service, PPP, etc
Jim Jordan says a V-shaped recovery would happen a lot quicker "if you didn’t have Democrat governors keeping people from going back to work."
"Stop bragging about what we’ve already done we have people who are hurting," Maxine Waters tells Mnuchin
Mnuchin: "We'd like to extend enhanced unemployment and we’d like to send out more economic impact payments. Those have both been critical to the economic recovery."
Rep Andy Kim asks Mnuchin if he agrees with Kudlow that there is a V-shaped recovery happening -- Kim saying it might be K-shaped.
Mnuchin: "Let’s not get lost on different letters of the alphabet. Let’s move forward in a bipartisan basis on areas we can agree on."
Maxine Waters asking Mnuchin to call Pelosi today to restart talks.
Mnuchin: "Can I tell her you suggested I call her right after the hearing?"
"Yes yes yes" Waters says
"Done, I will call her right after the hearing," says Mnuchin
This hearing is now coming to an end with clyburn quoting Alexis de Tocqueville and also saying that there are more unemployed people than Mnuchin says
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Thune is pressing Yellen about the nation's "massive amount of debt."
"We seem to have no concern now about borrowing money in the short term" Thune says. "When is it too much?"
"Nobody's talking about it really in either party anymore," he says.
Yellen says most important thing we can do to get on a path of fiscal sustainability is defeat the pandemic.
“To avoid doing what we need to do now to address the pandemic .. would likely leave us in a worse place fiscally and with respect to our debt situation.”
Toomey tells Yellen: "I look forward to working with you but I have to admit that the contours of the stimulus bill as proposed by the Biden administration are going to make that difficult."
Spanberger on the Dem caucus call: We lost races we shouldn’t have lost.
Defund police almost cost me my race bc of an attack ad.
Don’t say socialism ever again.
Need to get back to basics.
(Is yelling.)
If we run this race again we will get fucking torn apart again in 2022, Spanberger says
Pelosi comes back on and says she disagrees, they won the House and presidency
MCCONNELL:
"We need another rescue package. ....
I think we need to do it and I think we need to do it *BEFORE THE END OF THE YEAR* .. that's Job One."
Also says he and Pelosi have agreed they want to do an omnibus approps package (NOT a CR) ... and confirm some more judges.
McConnell: "It’s a possibility we will do more for state and local governments."
Wolf Blitzer grilling Pelosi on why she won't take $1.8T deal. Reads Ro Khanna tweet..
Pelosi: "I don’t know why you’re always an apologist and many of your colleagues are apologists for the Republican position-- Ro Khanna, that’s nice. That isn’t what we’re going to do."
Wolf says he's also spoken with Andrew Yang who says take the deal.
Pelosi: "Honest to God, I really can’t get over it. Because Andrew Yang, he’s lovely. Ro Khanna, he’s lovely. They’re not negotiating this situation."
Yikes!
"With all due respect you really don't know what you're talking about" Pelosi tells Wolf Blitzer as he presses her on why she won't take Mnuchin deal.
McConnell: “When the full Senate returns on Oct 19 our first order of business will be voting again on targeted relief.”
Trump: “Go big or go home!!!”
McConnell talking now in Ky. Says new bill will be roughly $500b in targeted relief.
(The one he put on floor last month was $650b - but only $300b was new spending)
McConnell says the new bill will have UI, PPP, and money for schools and hospitals.
"The choice is do you want to do something or nothing. So far they have said if we can’t do everything we want to do we won't do anything. That doesn’t solve the problem."