Steven Mnuchin

Key pandemic lending programs at the Federal Reserve would expire on Dec. 31

The federal government has been flooded with reports of potential fraud in the Paycheck Protection Program, a vital lifeline that helped keep small businesses afloat during the coronavirus pandemic. 

As stimulus talks go nowhere, Mnuchin and Pelosi blame each other.

The odds of Congress striking a coronavirus relief deal before the November election dimmed considerably this week after the Senate left Washington for their October recess with no agreement in place.

Pelosi's deputy cheif of staff, Drew Hammill, said the Speaker continues to "eagerly await" the Trump administration’s acceptance of Democrats' health language, including a national strategic plan on testing and contact tracing. 

White House officials and Democratic leaders suggested this week that Congress may not pass a coronavirus relief deal until after the November election. 

Senate Democrats on Wednesday blocked a vote on Republicans' $500 billion coronavirus relief bill, as House Speaker Nancy Pelosi and White House officials continue to negotiate on a broader aid package for families and businesses still reeling from the pandemic. 

Coronavirus relief negotiations have entered a "new phase," as Trump administration officials and Democratic leaders look to cut a deal on another round of emergency aid in the next 48 hours, White House chief of staff Mark Meadows said Wednesday.

House speaker, treasury secretary have called for input from committee chairs to help resolve differences.

The clock is running out for Democratic leaders and White House officials to strike a coronavirus relief deal after House Speaker Nancy Pelosi set a Tuesday deadline to deliver aid to Americans ahead of the November election.

The chance of Congress passing a coronavirus relief deal before the November elections remains elusive as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to spar over how much money to inject into the pandemic-ravaged economy.

A Treasury Department official familiar with the matter told FOX Business that the language of the plan will be shared on Friday. 

“She should approve needed STIMULUS now,” Trump tweeted. “Most other Dems agree. Republicans are ready to go, I am ready to sign.”

Relief talks are scheduled to take up again on Thursday.

Could Treasury Secretary Mnuchin stay on if Biden wins to finish the COVID-19 economic rescue?

In the letter to House and Senate members, Mnuchin and Meadows said the White House would continue to talk to Senate Democratic Leader Chuck Schumer and House Speaker Nancy Pelosi, but that Congress should "immediately vote on a bill" that would enable the use of unused Paycheck Protection Program funds while working toward a bigger package.

The White House is preparing to offer a new $1.8 trillion coronavirus relief deal two days after President Trump abruptly called off negotiations on another round of aid for American workers and businesses still reeling from the pandemic.

Senate Majority Leader Mitch McConnell indicated on Friday that Congress is "unlikely" to reach an agreement on a coronavirus relief package before the Nov. 3 election.

Trump is pushing through a stimulus plan and investors like it

House Speaker Nancy Pelosi on Thursday ruled out a stand-alone bill for additional airline relief without a broader coronavirus relief package.