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Meadows: White House and Democrats are "nowhere close to a deal" on coronavirus stimulus

White House chief of staff Mark Meadows told reporters after meeting with Democratic leaders on Wednesday that the two sides are "nowhere close to a deal" on a coronavirus stimulus bill, and acknowledged that extra unemployment benefits will expire on Friday.

Why it matters: More than 32 million Americans are currently receiving some form of unemployment benefits, according to the most recent Labor Department data. Democrats had hoped to extend the $600 weekly supplemental unemployment benefit passed in the $2.2 trillion CARES Act, but the Senate GOP remains extremely divided.


The state of play: The White House has repeatedly floated the option of passing a "skinny" bill to extend unemployment benefits, but House Speaker Nancy Pelosi (D-Calif.) has rejected that option as unacceptable: "We have to have a comprehensive full bill," she said.

  • Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters, "They're tied in a total knot because of the disunity in their caucus, their inability to gather votes."
  • "We want to come back and keep talking to them but they don’t have anything to say," Schumer added.

The bottom line: Asked what would be necessary to achieve a breakthrough, Meadows replied, "I don't know that anything does."

Go deeper ... "This is not going to be the bill": GOP senators criticize their own stimulus proposal

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The spike in global bond yields is setting up a clash between the world's top central bankers

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

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Scoop: Ohio Senate candidate Josh Mandel escorted out of RNC retreat

During this weekend’s highly anticipated donor retreat hosted by the Republican National Committee in Palm Beach, Ohio Senate candidate Josh Mandel was escorted off the premises while his primary opponent, Jane Timken, was allowed to stay, two sources with direct knowledge of the situation tell Axios.

What we’re hearing: The invitation-only event is taking place at the Four Seasons Resort, and the RNC reserved the entire hotel. While Timken, former Ohio GOP chair, was invited to the event “because she is a major donor” — Mandel was not, so he was asked to leave, according to one of the sources

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