Negotiations for the coronavirus relief bill

“This Week” host Martha Raddatz joins “GMA” to discuss the major issues dividing the political parties as well as Joe Biden’s upcoming decision on his vice presidential candidate.
2:39 | 08/02/20

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for Negotiations for the coronavirus relief bill
Let's bring in ABC's Martha Raddatz who will be hosting "This week" later this morning. Martha, good morning to you. Let's start with the negotiations over the coronavirus relief bill, you'll have speaker Pelosi and secretary mnuchin on the show exclusively this morning. How close are they to a deal here and what are the major issues dividing them? You heard senator Schumer there saying it was the most productive meeting and Steve mnuchin has said the same thing. Everyone said it was very constructive, but there is no deal. They're a long way from any kind of actual deal. I think they know where each side stands. A lot of these issues -- long term deal versus a short-term fix. The Republicans wanted a short-term fix, but Nancy Pelosi said no way, we want a large relief bill and we want the whole thing done at once. At the heart of this is that $600 whether they consider that $600. They have gotten enough money out there already and people should be okay, it's a disincentive to work. And for Republicans, this liability protection for businesses and schools. Mitch Mcconnell said they have to have that. That's his red line, the liability insurance meaning protection, meaning they can't face any sort of lawsuits because of coronavirus. So much riding on this. Lot of people counting on that cash. Let's switch gears and talk about veepstakes. Joe Biden reportedly in the final decisionmaking stages on his pick on vice presidential candidate. One name surging of late, representative Karen bass, what are you hearing this morning about the various candidates? You have to look around the country and see the comments. Former democratic governor Ed Rendell, was talking about kamala Harris, he said that kamala can rub people the wrong way. Karen bass is not likely to do that, Rendell said the number one rule for picking the vp do no harm and certainly Joe Biden's thinking about that but we saw that photograph of Joe bide within that list, don't hold grudges against kamala Harris against what she said during those old debates. It's -- we're down to the wire on a consequential pick here. Martha, thanks very much. I want to remind everybody, check out "This week" later this morning for exclusive interviews with Nancy Pelosi and treasure secretary Steve mnuchin. Later this morning right here on ABC.

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"2:39","description":"“This Week” host Martha Raddatz joins “GMA” to discuss the major issues dividing the political parties as well as Joe Biden’s upcoming decision on his vice presidential candidate.","mediaType":"default","section":"ABCNews/GMA","id":"72131007","title":"Negotiations for the coronavirus relief bill","url":"/GMA/News/video/negotiations-coronavirus-relief-bill-72131007"}