House Speaker Nancy Pelosi (D-CA) on Tuesday revealed that Treasury Secretary Steve Mnuchin had agree to oversight of a $500 billion relief “slush fund” for businesses.
During an interview on CNBC, Pelosi suggested that Democrats and the White House could agree to a coronavirus relief bill within hours.
“I can say we’re all receptive to getting something done we all know that everybody doesn’t write their own bill, that it’s a series of compromises, and that we think the bill has moved sufficiently to the side of workers,” she explained to CNBC host Jim Cramer.
“This isn’t a conversation with workers and not with the airlines or other industries, hospitality, parking, you name it, restaurants, you go down the list,” she added. “Trying to address their problem. So it is not a one-sided conversation on our part. However, things like a $500 billion slush fund was really insulting.”
“I think the secretary has come to that agreement with you, and has some sort of transparency factor, inspector general, get an oversight panel,” Cramer noted.
In fact, the White House confirmed on Tuesday that Mnuchin had agreed in princple to some form of oversight.
A WH official confirms that Treasury Secretary Mnuchin has agreed to "significant oversight" over $500B Exchange Stabilization Fund.
This was a big sticking point for Democrats who called it a slush fund and wanted much more oversight on how the money was spent.
— Yamiche Alcindor (@Yamiche) March 24, 2020
Pelosi on CNBC says “I think there is real optimism that we could get something done in the next few hours.”
There’ll be an inspector general who has oversight over the $500 billion loan program to corporations.
This is key—Senate Dems yesterday were calling this a “slush fund”
— Andrew Desiderio (@AndrewDesiderio) March 24, 2020
WH has agreed to oversight for stimulus deal's $500B fund proposed for companies in urgent need, we have confirmed.
— Jim Acosta (@Acosta) March 24, 2020
Watch the video below from CNBC.
WATCH: Video shows pack of police forcibly remove man from a city bus — for not wearing a mask
Shocking video from Philadelphia shows multiple police officers forcibly removing a man from a city bus -- reportedly for not wearing a mask.
"A video that went viral Friday shows what appeared to be four police officers, backed by about six more, forcibly pulling a man not wearing a face covering off of a SEPTA bus. After the uniformed and masked Philadelphia Police Department officers lift the adult man off the bus and engage in a brief confrontation, he walks away. No arrest. No ticket," WHYY-TV reports.
REVEALED: White House pushed FEMA to give its biggest coronavirus contract to a company that never had to bid
Last month, as a deadly new virus swept over the globe, one Canadian defense contractor predicted on an earnings call that it would lead to a big business opportunity in the U.S. Thanks to the White House, that bet paid off just a few weeks later in a $96 million no-bid deal.
In an unusual move, even in times of disaster, the White House stepped into the federal purchasing process, ordering the Federal Emergency Management Agency to award a contract to AirBoss of America. The Trump administration has rushed through hundreds of deals to address the pandemic without the usual oversight, more than $760 million reported as of this week, but the AirBoss transaction is the single largest no-bid purchase, a ProPublica analysis of federal purchasing data found.
Trump promises ‘announcement’ on US funding to WHO next week
President Donald Trump on Friday said he will make an announcement next week on US funding to the World Health Organization, which he has recently threatened to cut.
"As you know, we have given them approximately $500 million a year, and we are going to be talking about that subject next week. We'll have a lot to say about it," Trump told a news conference at the White House.
He said he would make the announcement "sometime next week."
Trump has gone on an offensive against the WHO, where Washington is the principal funder, accusing it of pro-China bias during the aftermath of the coronavirus pandemic, which began in Wuhan, China, last year.