SPONSORED:

Mnuchin, Schumer brief Trump, expect coronavirus stimulus deal Tuesday

Senate Minority Leader Charles SchumerChuck SchumerPelosi, Schumer endorse 8 billion plan as basis for stimulus talks Funding bill hits snag as shutdown deadline looms Trump supporters could hand Senate control to Democrats MORE (D-N.Y.) and Treasury Secretary Steven MnuchinSteven Terner MnuchinThe Hill's Morning Report - Presented by Mastercard - Dem leaders back smaller COVID-19 relief bill as pandemic escalates Sweeping financial crimes bill to hitch a ride on defense measure On The Money: Funding bill hits snag as shutdown deadline looms | Pelosi, Schumer endorse 8 billion plan as basis for stimulus talks | Poll: Most Americans support raising taxes on those making at least 0K MORE say they briefed President TrumpDonald John TrumpBiden says GOP senators have called to congratulate him Biden: Trump attending inauguration is 'of consequence' to the country Biden says family will avoid business conflicts MORE late Monday night on a forthcoming massive stimulus agreement and predicted they would finalize the deal Tuesday.  

"The president would like to have a deal, and he's hopeful we can conclude this tomorrow," Mnuchin told reporters after leaving Schumer's office for the final time early Tuesday morning. 

Schumer added that Mnuchin called the president during their meeting and they told him they were "very, very close to an agreement." 

ADVERTISEMENT

"He seemed very happy with that," Schumer said.

Trump knocked Democrats in a tweet minutes after Mnuchin had gone into Schumer’s office for another meeting.

“Republicans had a deal until Nancy PelosiNancy PelosiBiden backs 0B compromise coronavirus stimulus bill US records over 14 million coronavirus cases On The Money: COVID-19 relief picks up steam as McConnell, Pelosi hold talks | Slowing job growth raises fears of double-dip recession | Biden officially announces Brian Deese as top economic adviser MORE rode into town from her extended vacation. The Democrats want the Virus to win? They are asking for things that have nothing to do with our great workers or companies,” he tweeted.

ADVERTISEMENT

But both Mnuchin and Schumer downplayed questions about if Trump was raising concerns about their negotiations. Mnuchin suggested it was about ideas being floated by House Democrats, who introduced their own bill on Monday.

"He seemed very positive, very positive," Schumer added.  

The two say they are at the cusp of a roughly $2 trillion dollar stimulus package that is expected to provide direct tax rebates to some Americans, bolster unemployment insurance, provide approximately $377 billion for small businesses and hundreds of billions for impacted industries like airlines. 

"I'm pleased that our two main issues, workers first and a Marshall Plan for hospitals, are very strongly in the bill," Schumer told reporters early Tuesday morning.  

The forthcoming agreement will include $100 billion for hospitals, a source familiar with the talks told The Hill. 

"We expect to have an agreement tomorrow morning. There's still a few little differences. Neither of us think they're in any way going to get in the way of the final agreement," Schumer added.  

White House legislative affairs director Eric Ueland said there were "not that many" issues left unresolved. Mnuchin added that staff were still busy drafting and reviewing language. 

"Still documents that are going to reviewed tonight and turned around. There's still a couple of open issues, but I think we're very hopeful that this can be closed out tomorrow," he said.