On The Money: Pelosi says House will stay in session until stimulus deal is reached | GOP short of votes on Trump's controversial Fed pick | WTO rules Trump tariffs on Chinese goods illegal

On The Money: Pelosi says House will stay in session until stimulus deal is reached | GOP short of votes on Trump's controversial Fed pick | WTO rules Trump tariffs on Chinese goods illegal
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THE BIG DEAL — Pelosi: House will stay in session until agreement is reached on coronavirus relief: Speaker Nancy PelosiNancy PelosiPelosi: Ginsburg successor must uphold commitment to 'equality, opportunity and justice for all' Bipartisan praise pours in after Ginsburg's death Pelosi orders Capitol flags at half-staff to honor Ginsburg MORE (D-Calif.) on Tuesday announced that the House will remain in session until the parties have an agreement on another round of emergency coronavirus relief.

In a conference call with the House Democratic Caucus — the first since the chamber returned from a long summer recess — Pelosi indicated she isn't willing to accept a narrow legislative package, but Democrats that  the chamber's calendar will be extended until an agreement is sealed, according to sources on the call. 

“We have to stay here until we have a bill,” Pelosi told lawmakers.

The Hill’s Scott Wong and Mike Lillis have more here.

What changed: The surprise development reflects both the severity of the public health and economic crises caused by the coronavirus pandemic and the growing pressure Pelosi is facing from the moderate wing of her party.

  • A bipartisan group of about 50 House lawmakers offered their own coronavirus relief plan Tuesday in a bid to revive stalled stimulus negotiations between Pelosi and the White House before the Nov. 3 elections.
  • The moderates have asked Pelosi for a pre-election vote on some version of emergency assistance for states, households and small businesses, even if the package doesn’t match the totality of Democratic demands.

What hasn’t changed: 

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  • The scheduled session ends on Oct. 2 and most lawmakers will be headed home to campaign for re-election since House terms end after two years. If a deal emerges, then members would be called back to Washington.
  • Also, Democrats and Republicans are still deeply divided over the scope and scale of another deal.

Read more: Fed warnings on economy fail to resonate with Congress

LEADING THE DAY

GOP short of votes on Trump's controversial Fed pick: Senate Republican leaders don’t yet have 51 votes to confirm President TrumpDonald John TrumpObama calls on Senate not to fill Ginsburg's vacancy until after election Planned Parenthood: 'The fate of our rights' depends on Ginsburg replacement Progressive group to spend M in ad campaign on Supreme Court vacancy MORE’s controversial pick to the Federal Reserve, Judy Shelton, whose nomination is facing strong opposition from prominent economists.

Senate Republican Whip John ThuneJohn Randolph ThuneWhat Senate Republicans have said about election-year Supreme Court vacancies The Hill's 12:30 Report - Presented by Facebook - Don't expect a government check anytime soon The Hill's Morning Report - Sponsored by The Air Line Pilots Association - Trump contradicts CDC director on vaccine, masks MORE (S.D.) said Tuesday that the leadership is still “working” on mustering majority support for Shelton, who has come under criticism for her past support for returning to the gold standard.

Thune raised the possibility that Shelton may not come to the floor before Election Day, which means her nomination would be in jeopardy if Trump doesn’t win reelection.

Asked if Shelton would receive a vote before the Senate recesses for the election, Thune said: “We’ll see — as soon as she has 51 votes.”

The Hill’s Alexander Bolton breaks it down here.

WTO rules Trump tariffs on Chinese goods illegal: The World Trade Organization (WTO) said Tuesday that President Trump’s tariffs on more than $400 billion in Chinese goods violate international trade regulations.

In a Tuesday report, a panel of three WTO adjudicators ruled that the U.S. was unable to prove its tariffs on Chinese products were necessary to level the global trade playing field. 

The ruling does not obligate the U.S. to scrap the tariffs, but finds that the Trump administration “has not met its burden of demonstrating that the measures are provisionally justified.”

I’ll walk you through it here.

The background: 

  • Starting in 2018, the Trump administration imposed tariffs on imports from China in response to decades of alleged unfair trade practices committed by the Chinese government. 
  • A March 2018 report from the Office of the U.S. Trade Representative — the administration’s top trade negotiator —justified tariffs on Chinese goods to counter the theft and forced transfer of intellectual property and valuable technology from U.S. firms by Chinese companies. 

Even so, the WTO panel ruled that the U.S. response did not follow the appropriate measures detailed under international trade rules meant to resolve disputes over unfair trade practices.

The impact: The ruling is not legally binding but will likely deepen tensions between the WTO and Trump, who has blasted the international trade arbiter throughout his presidency and has threatened to remove the U.S. from the organization.

GOOD TO KNOW

ODDS AND ENDS

  • Oracle and TikTok are racing to win approval from the Trump administration before a Sunday deadline in a deal that would allow the wildly popular video app to continue operating in the U.S.
  • The outdoor clothing company Patagonia is calling on customers to vote against candidates who deny the existence of climate change: ‘Vote the a--holes out" is now being woven into the labels on some of Patagonia’s shorts, NBC News reported Tuesday.