Pelosi aiming for budget deal by week's end

Pelosi aiming for budget deal by week's end
© Greg Nash

Speaker Nancy PelosiNancy PelosiTrump puts Supreme Court fight at center of Ohio rally CDC causes new storm by pulling coronavirus guidance Overnight Health Care: CDC pulls revised guidance on coronavirus | Government watchdog finds supply shortages are harming US response | As virus pummels US, Europe sees its own spike MORE (D-Calif.) said Wednesday that she's hoping to finalize a budget package with the White House by the end of the week. 

Pelosi noted that Democrats want to move the legislation by regular order — meaning it would need to be introduced days ahead of a floor vote — leaving a tight timeline if Democratic leaders intend to vote on the package before the long August recess, which is scheduled to begin July 27.

"So we have to get something soon, so that we can post it with enough lead time," she told several reporters. "Preferably by the end of the week."

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The comments came shortly after Pelosi and Senate Minority Leader Charles SchumerChuck SchumerJacobin editor: Primarying Schumer would force him to fight Trump's SCOTUS nominee CNN's Toobin: Democrats are 'wimps' who won't 'have the guts' to add Supreme Court seats Republican senator says plans to confirm justice before election 'completely consistent with the precedent' MORE (D-N.Y.) spoke with Treasury Secretary Steven MnuchinSteven Terner MnuchinShutdown clash looms after Democrats unveil spending bill Lawmakers fear voter backlash over failure to reach COVID-19 relief deal United Airlines, unions call for six-month extension of government aid MORE by phone for roughly 30 minutes on the topic of raising budget caps on domestic and defense spending, while hiking the debt ceiling to avoid a government default. The Treasury Department hit that ceiling in March, when it began a process of “extraordinary measures,” allowing for the short-term extension of the borrowing cap. 

Wednesday's call was just the latest in a long series of discussions between Pelosi and Mnuchin, President TrumpDonald John TrumpBubba Wallace to be driver of Michael Jordan, Denny Hamlin NASCAR team Graham: GOP will confirm Trump's Supreme Court nominee before the election Southwest Airlines, unions call for six-month extension of government aid MORE's point man on the issue. 

Pelosi cautioned that the negotiators may miss her preferred deadline — "We're not finished," she said — but suggested the talks were inching closer to a deal. 

"The conversations are all about seeking clarity, and if that's called progress, then yes we did [make progress]," she said.

Democrats are pressing for a two-year deal on raising both the spending caps and the debt limit. Pelosi said that remains the goal in the final stretch of the talks, and amplified the Democrats long-standing position that they won't accept a short-term agreement forcing negotiators back to the negotiating table before the 2020 elections. 

"We can't accept any short-term [deal]," she said.