On The Money: Democratic leaders report 'some progress' in stimulus talks | Prosecutors hint at probe into 'possibly extensive and protracted criminal conduct at the Trump Organization'

On The Money: Democratic leaders report 'some progress' in stimulus talks | Prosecutors hint at probe into 'possibly extensive and protracted criminal conduct at the Trump Organization'
© Greg Nash

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THE BIG DEAL—Democratic leaders report 'some progress' in stimulus talks with White House: Democratic leaders announced slow progress with White House negotiators Monday after meeting for nearly two hours in Speaker Nancy PelosiNancy PelosiWhite House races clock to beat GOP attacks Sunday shows - Infrastructure dominates Liz Cheney says allegations against Gaetz are 'sickening,' refuses to say if he should resign MORE’s (D-Calif.) office on Capitol Hill.

“It was productive. We’re moving down the track, but we still have our differences. We are trying to have a clearer understanding of what the needs are,” Pelosi said after meeting with Treasury Secretary Steven MnuchinSteven MnuchinDemocrats justified in filibustering GOP, says Schumer Yellen provides signature for paper currency Biden's name will not appear on stimulus checks, White House says MORE and White House chief of staff Mark MeadowsMark MeadowsBoehner finally calls it as he sees it Stephen Miller launching group to challenge Democrats' policies through lawsuits A year with the coronavirus: How we got here MORE.

“The needs are that millions of children in our country are food insecure. Millions of people in our country are concerned about being evicted,” she added. “The way we can correct so much of that is for us to defeat the virus. Much of our discussion has to be on how we defeat the virus, and that takes dollars and policy.”

The Hill’s Alexander Bolton explains here.

The prognosis: Asked if a deal might emerge in the next 48 hours, both Democratic leaders remained silent. Staffs on both sides plan to work late into Monday evening.


What’s on the table: 

  • The Democratic relief proposal would increase the Supplemental Nutrition Assistance Program’s maximum benefit by 15 percent. It would also provide a new 12-month moratorium on evictions for renters who do not pay.
  • The proposal from the White House and Senate GOP does not include an increase in food stamp benefits or an eviction moratorium, but it does provide $105 billion to help colleges and schools resume classes in the fall. More money in the proposal would go to schools that resume in-person classes.


Prosecutors hint at probe into 'possibly extensive and protracted criminal conduct at the Trump Organization' The Manhattan district attorney's office on Monday hinted that its subpoena for President TrumpDonald TrumpGaetz was denied meeting with Trump: CNN Federal Reserve chair: Economy would have been 'so much worse' without COVID-19 relief bills Police in California city declare unlawful assembly amid 'white lives matter' protest MORE's tax returns is part of an investigation into potential fraud allegations detailed in media reports in recent years.

In response to the latest legal challenge by Trump's attorneys, New York County prosecutors said that news reports about the president's financial history provide sufficient justification for requesting the extensive amount of information from the accounting firm Mazars in their grand jury investigation.

The Hill’s Harper Neidig breaks it down here.


What prosecutors are eyeing:

Trump backs potential Microsoft, TikTok deal, sets September deadline: President Trump said Monday that social media platform TikTok must end its U.S. operations on Sept. 15 if a pending deal with Microsoft to buy the company from Chinese group ByteDance does not go through.

“We set a date — I set a date of around Sept. 15, at which point it’s going to be out of business in the United States,” Trump told reporters. “But if somebody, and whether it’s Microsoft or somebody else, buys it, that will be interesting.” 

Trump noted that he approved of Microsoft buying TikTok. Microsoft confirmed Sunday that it had spoken to Trump and was in talks to buy TikTok from ByteDance, a Beijing-based company that is currently under investigation by the Treasury Department’s Committee on Foreign Investment in the United States (CFIUS). 

“I don’t mind whether it’s Microsoft or somebody else — a big company, a secure company, a very American company — buys it,” Trump said Monday. “It’s probably easier to buy the whole thing than to buy 30 percent of it.”

The Hill’s Maggie Miller has more here.



  • Tailored Brands, the company that owns Men’s Wearhouse, has joined a growing list of retailers filing for bankruptcy protection amid the coronavirus pandemic.