House Speaker Nancy Pelosi tore into her Republican colleagues on Thursday for their approach to negotiating the next coronavirus stimulus package, telling CNBC's Jim Cramer: "Perhaps you mistook them for somebody who gives a damn."
Why it matters: Democrats and the Trump administration have not agreed to any "top-line numbers" and remain "trillions of dollars apart," White House chief of staff Mark Meadows told reporters on Thursday.
- Pelosi, who has led a united House Democratic caucus that passed a $3 trillion relief package in May, has been "almost entirely unyielding in her demands," Politico reports.
- Republicans, meanwhile, remain divided — with up to 20 GOP senators unlikely to vote for any coronavirus stimulus package, no matter the price tag.
The exchange:
The big picture: Another 1.2 million people filed for initial unemployment claims last week, even as the extra $600 weekly unemployment benefits from the CARES Act expired.
What to watch: “I have said we see a light at the end of the tunnel, we just don’t know how long the tunnel is," Pelosi said at a press briefing Thursday, referring to progress in negotiations. But she warned: "The light at the end of the tunnel may be the freight train of the virus coming at us if we do not contain it.”
- Meadows initially said on Wednesday that he is "extremely doubtful" the two sides will reach a deal if there isn't a breakthrough by Friday.
- Senate Minority Leader Chuck Schumer (D-N.Y.) shot back at Thursday's briefing: "We're not quitting. We’re ready to work. We’re going to keep working. ... If Republicans want to throw up their hands walk away, that's on them."
The bottom line: "We're not having a short-term extension," Pelosi said as she walked out of the briefing.
Go deeper: A wave of defaults, bankruptcies and evictions is poised to remake the retail landscape