Transcript for American economy by the numbers as Americans await relief deal
In the middle of the surge millions are waiting for economic relief. House speaker Nancy Pelosi is in talks with Steven mnuchin and says the deal has to be struck by the end of today if they're going to get a stimulus package before the election. Senior congressional correspondent Mary Bruce is tracking negotiations from good morning, Mary. Reporter: Good morning, George. Well, this morning the white house and the hill are now scrambling to meet this self-imposed deadline. The house speaker and the treasury secretary spoke for nearly an hour yesterday. But a deal today is a tall order F they can't get it done then relief likely will not come until 2021 and for millions of Americans, that is just too long a wait. This morning, the clock is ticking for millions of Americans financially devastated by the pandemic. I'm afraid of being homeless. I'm afraid of losing everything I have. Reporter: For months white house negotiators and top Democrats are been trying to hammer out an agreement on another round of relief aid and now house speaker Nancy Pelosi says if they don't strike a deal today, it won't happen until after the election. From the start the president has never taken this seriously and neither has Mitch Mcconnell. Reporter: Both sides are hundreds of millions apart. At odds over key provisions like funding for state and local governments and plans for a national testing program. President trump adding confusion to the negotiations called off talked earlier this month only to restart them the next day after facing backlash. Now he's telling Republicans to, quote, go big and blaming Democrats for the holdup. Nancy Pelosi at this moment does not want to do anything that's going to affect the election. Reporter: For many of the over 12 million Americans who are unemployed, the bills are already past due. Over 30 million may be at risk of eviction by the end of the year and roughly one in ten in this country say they don't have enough to eat. It's a terrible time for everyone. I mean, there's not enough of anything anymore. Reporter: Most of the stimulus measures previously passed by congress like the forgivable loan program for small businesses ended over the summer. Restaurant owners like Chris doing everything they can to keep their doors open. I sold my motorcycle. I sold couches, chairs, bookshelves, mirror, everything that was in my house, I have a sold most of my personal possessions. Reporter: Now even if the white house and Democrats can reach an agreement today, there is still one big remaining senate Republicans, they are looking for a smaller more targeted deal here. They have all but ruled out the kind of proposal that is being discussed. The president, though, says he can get his party on board and get them to spend more but that is just not guaranteed. Amy. All right. Mary Bruce, thank you for that.
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