White House Preparing New $1.8 Trillion Stimulus Proposal

The White House is preparing a $1.8 trillion coronavirus relief offer, according to people familiar with the discussions, partly closing the gap in negotiations with congressional Democrats as time runs short to pass any package before the election.

Treasury Secretary Steven Mnuchin is expected to discuss the new proposal with House Speaker Nancy Pelosi (D., Calif.) when the two speak Friday, the latest in a series of start-and-stop negotiations.

The White House proposal increases their previous offer by about $200 billion, but a significant distance remains between the administration and Democratic leaders on the bill’s overall price tag. Democrats last week passed a $2.2 trillion aid package, a scaled-back version of their earlier $3.5 trillion legislation. Mr. Mnuchin had previously proposed a $1.6 trillion offer.