Pelosi: “Real Optimism” That Congress Can Pass Coronavirus Relief Bill Today

Pelosi: “Real Optimism” That Congress Can Pass Coronavirus Relief Bill Today

House Speaker Nancy Pelosi told CNBC’s “Squawk on the Street” on Tuesday morning that there is “real optimism” that Congress can reach a coronavirus relief stimulus deal b the end of the day.

HOUSE SPEAKER NANCY PELOSI: I think there is opportunity — real optimism that we could get something done in the next hour — few hours. The Senate bill, this — Senate Democrats have done a great job of taking the bill from a place was trickle-down for workers. It was about corporate America. What about the workers? Because this is where the economy thrives, where people have confidence in having an income, having a paycheck, and then willing to spend in a consumer economy. We believe that this is not only good for the workers, the right thing for the country, but also good for the economy.

So the question is, who has the leverage? When they put out their bill, it was all corporate America, with all — you know, all due respect that corporate America is the creator of jobs. But nonetheless, unless we were looking out for the workers, that we were never going to have a solution, and that if there was money given to large entities that they would not have buybacks, bonuses, dividends, CEO pay — that kind of thing. But putting that aside, even that the workers’ rights would be respected within that use of that money. We’ve made big progress in that regard.

In terms of the oversight of the slush fund, you know, the $500 billion for the secretary, I’m very happy that it appears the Senate is taking the House language of oversight, which was the — the — well, we had the language in common; that we would have an inspector general strictly to oversight — have oversight over that money — over that money, A; and B, we would have a congressional panel appointed by the — by us to — (inaudible) people constraint, but nonetheless, to have oversight over that, similar to what we have done in the past. But that — that was major — shall we say, overarching concern.


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