Pelosi aiming for budget deal by week's end

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

Speaker Nancy PelosiNancy PelosiPelosi calls Trump's decision to withdraw US from WHO 'an act of extraordinary senselessness' House Democrats unveil measure to condemn police brutality The Hill's Coronavirus Report: Rep. Khanna says President Trump threatening violence against US citizens; Trump terminating relationship with WHO 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 SchumerCharles (Chuck) Ellis SchumerFederal judges should be allowed to be Federalist Society members Warren condemns 'horrific' Trump tweet on Minneapolis protests, other senators chime in VA hospitals mostly drop hydroxychloroquine as coronavirus treatment MORE (D-N.Y.) spoke with Treasury Secretary Steven MnuchinSteven Terner MnuchinHillicon Valley: Twitter flags Trump tweet for 'glorifying violence' | Cruz calls for criminal investigation into Twitter over alleged sanctions violations | Senators urge FTC to investigate TikTok child privacy issues On The Money: Senate Dems pump brakes on new stimulus checks | Trump officials sued over tax refunds | Fed to soon open small-business lending program Schumer slams Trump's Rose Garden briefing on China as 'pathetic' 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 TrumpMichael Flynn transcripts reveal plenty except crime or collusion 50 people arrested in Minneapolis as hundreds more National Guard troops deployed Missouri state lawmaker sparks backlash by tweeting 'looters deserve to be shot' 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.