White House economic adviser Larry Kudlow told CNBC on Monday that negotiations for a second stimulus “have certainly slowed down,” and that the House needs to compromise in order to reach an agreement.
"Talks have certainly slowed down, but they aren't ending,” Kudlow said on “Squawk Box,” Monday. He added that Republican and Democrat leaders in the House and Senate “have been meeting and discussing various aspects,” of an agreement, including small business loans and other issues.
“We’re close, but there’s still important policy issues that separate us, and our team believes there have to be more compromises on the House side for us to get there,” he added.
House Speaker Nancy Pelosi, D-Calif., told CNN on Sunday that she expected a “final yes” from the White House on a stimulus plan on Monday, having sent a “list of concerns” to Treasury Secretary Steven Mnuchin last Friday.
Kudlow told CNBC on Monday that Mnuchin will speak on the stimulus later in the day, after he speaks with Pelosi and committee leaders.