Mnuchin Reportedly Floated Idea Of Restarting Stimulus Talks

With US stocks on yet another tear Thursday morning as the market has become enamored with the misperception that no stimulus now means 2x the stimulus after the election (an election the outcome of which is still very much uncertain), Politico reports that Treasury Secretary Steven Mnuchin has floated the idea of restarting stimulus talks with Nancy Pelosi, despite the growing number of obstacles to getting a deal done.

🚨🚨NEW … Last night during a phone call w @SpeakerPelosi, @stevenmnuchin1 floated restarting stimulus talks. Said he’d have to convince @realDonaldTrump first.

They only substantively spoke about airlines, but @stevenmnuchin1 continues to be extremely motivated to get a deal.

— Jake Sherman (@JakeSherman) October 8, 2020

>@stevenmnuchin1 is, of course, not speaking for all Republicans in D.C., many of whom are VERY skeptical of a deal.

— Jake Sherman (@JakeSherman) October 8, 2020

There are SO MANY hurdles right now.

— Scotus process begins next week
— Senate GOP reluctance to a deal at the levels Pelosi wants.
— House is out.
— 26 days until Election Day.

PELOSI will speak at 10:45 a.m. in the Capitol.

— Jake Sherman (@JakeSherman) October 8, 2020

Mnuchin reportedly told Pelosi that he would need to convince President Trump first.

In other news, two GOP senators have released a statement arguing against the targeted bailouts for airlines and other industries that are being discussed as an alternative to an omnibus stimulus bill sought by the Dems.