Show an ad over header. AMP

McConnell urges White House not to strike stimulus deal before election

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election.

Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch on Tuesday, two people familiar with his remarks tell Axios. McConnell's remarks were first reported by the Washington Post.


Why it matters: Any agreement between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, the White House's top stimulus negotiator, would likely be shot down by Senate Republicans — which could put GOP incumbents in tight races in an even more precarious spot just days away from Nov. 3.

What we're hearing: McConnell told his conference that he signaled to the White House that Pelosi isn't willing to give enough and isn't negotiating in good faith, the two sources said.

  • He also voiced concerns about any distraction to the Senate's plans to confirm Amy Coney Barrett to the Supreme Court, which he plans to hold a vote on next Monday.

Yes, but: Hours after the Senate GOP lunch, Pelosi and Mnuchin — who dialed in from Israel — spoke again and are moving "closer to an agreement," Pelosi's deputy chief of staff Drew Hammill said.

  • "[B]oth sides are serious about finding a compromise," Hammill added. "The two principals will continue their discussions tomorrow afternoon upon the Secretary's return."

Between the lines: President Trump wants "a big deal" before Nov. 3, and has indicated his willingness to spend several trillion dollars as he seeks re-election.

  • But that idea faces strong opposition from Republicans wary of another massive pandemic relief package.
  • Mnuchin is widely seen by many GOP lawmakers as someone who is too willing to compromise with Democrats and give in to Pelosi's demands.

What's next: GOP senators want to save face by voting on a smaller, more targeted $500 billion relief bill this week. But the move is largely about optics and Democrats have said it's too small to garner their support.

Go deeper: McConnell says stimulus "unlikely" before election despite Trump's desperation

Saudi Arabia and Qatar near deal to end standoff, sources say

Saudi Arabia and Qatar are close to a deal to end the diplomatic crisis in the Gulf following U.S.-mediated reconciliation talks this week, sources familiar with the talks tell me.

Why it matters: Restoring relations between Saudi Arabia and Qatar would bring a sense of stability back to the Gulf after a 3.5 year standoff. It could also notch a last-minute achievement for the Trump administration before Jan. 20.

Keep reading... Show less

President of Soros foundation leaves amid speculation of potential Biden role

Patrick Gaspard, who served as ambassador to South Africa under President Barack Obama, is stepping down as president of George Soros' Open Society Foundations, fueling speculation that he'll join the Biden administration, potentially as Labor secretary.

What to know: Before his stint as ambassador, Gaspard was Obama's political director in the White House, drawing upon his experience in the labor movement to advance Obama's legislative agenda on health care and financial services reform.

Keep reading... Show less

House passes bill to decriminalize marijuana

The House on Friday voted 228-164 in favor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, marking the first time a congressional chamber has voted in favor of decriminalizing marijuana at the federal level.

Why it matters: The Washington Post describes the bill as a "landmark retreat in the nation’s decades-long war on drugs," which has disproportionately affected people of color.

Keep reading... Show less

Clean trucks are paving the road to the electric vehicle era

The electric vehicle revolution is underway, led by the un-sexiest of plug-in models: the commercial truck.

Why it matters: Growing demand for cleaner trucks means 2021 will be a pivotal year for electric vehicles — just not the kind you might have expected.

Keep reading... Show less

Over 13 million people are receiving pandemic unemployment assistance expiring on Dec. 26

Data: Department of Labor; Chart: Axios Visuals

The number of people receiving unemployment benefits is falling but remains remarkably high three weeks before pandemic assistance programs are set to expire. More than 1 million people a week are still filing for initial jobless claims, including nearly 300,000 applying for pandemic assistance.

By the numbers: As of Nov. 14, 20.2 million Americans were receiving unemployment benefits of some kind, including more than 13.4 million on the Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) programs that were created as part of the CARES Act and end on Dec. 26.

Keep reading... Show less

The top candidates Biden is considering for key energy and climate roles

Senate Minority Leader Chuck Schumer (D-N.Y.) has urged President-elect Joe Biden to nominate Mary Nichols, chair of California's air pollution regulator, to lead the Environmental Protection Agency, Bloomberg reports.

Why it matters: The reported push by Schumer could boost Nichol's chances of leading an agency that will play a pivotal role in Biden's vow to enact aggressive new climate policies — especially because the plan is likely to rest heavily on executive actions.

Keep reading... Show less

U.S. economy adds 245,000 jobs in November as rate of recovery slows

Axios Visuals. Bureau of Labor Statistics.

The U.S. economy added 245,000 jobs in November, while the unemployment rate fell to 6.7% from 6.9%, the government said on Friday.

Why it matters: The labor market continues to recover even as coronavirus cases surge— though it's still millions of jobs short of the pre-pandemic level. The problem is that the rate of recovery is slowing significantly.

This story is breaking news. Please check back for updates.

Fauci says he accepted Biden's offer to be chief medical adviser "on the spot"

The government's top infectious-disease expert Anthony Fauci said Friday that he "absolutely" will accept the offer from President-elect Joe Biden to serve as his chief medical officer, telling NBC's "Today" that he said yes "right on the spot."

Why it matters: President Trump had a contentious relationship with Fauci, who has been forced during the pandemic to correct many of the president's false claims about the coronavirus. Biden, meanwhile, has emphasized the importance of "listening to the scientists" throughout his campaign and transition.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories