• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Financestimulus

Pelosi says Trump’s COVID diagnosis has improved the odds for another stimulus package

By
Lance Lambert
Lance Lambert
Former Real Estate Editor
Down Arrow Button Icon
By
Lance Lambert
Lance Lambert
Former Real Estate Editor
Down Arrow Button Icon
October 2, 2020, 3:08 PM ET

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.

On Friday House Speaker Nancy Pelosi told MSNBC viewers that President Donald Trump’s positive COVID-19 test result is likely to bolster the odds of a stimulus deal getting passed.

“This kind of changes the dynamic,” Pelosi said. “[The White House will] see the reality of what we have been saying all along. This is a vicious virus.”

Earlier this week the White House upped its offer from $1.3 trillion to $1.6 trillion, however, Democratic leaders said that wasn’t enough aid. So on Thursday, House Democrats passed the revised $2.2 trillion Heroes Act. That bill is unlikely to get a vote in the Senate.

But as negotiations move forward, Trump’s positive COVID-19 diagnosis, Pelosi says, could help the president realize that more aid is needed to address the deadly pandemic. “We’ll find our middle ground … we’ll get the job done,” Pelosi said.

While the two parties disagree on the dollar size of the next stimulus package, they do agree on lots of the spending areas. Both parties reaffirmed support this week for another round of $1,200 stimulus checks for adults and $500 for dependents. Both parties support more funding for education, coronavirus-related projects, mortgage and rental assistance, food programs, and state and local government funding.

Their main areas of disagreement—outside of the total package size—are on items like a steep increase in federal aid to state and local governments, which Democrats support, and COVID-19 lawsuit immunity for businesses, which Republicans support. And Republicans would like to see $400 weekly enhanced unemployment benefits, while Democrats would like it to go back to $600 per week.

About the Author
By Lance LambertFormer Real Estate Editor
Twitter icon

Lance Lambert is a former Fortune editor who contributes to the Fortune Analytics newsletter.

See full bioRight Arrow Button Icon

Latest in Finance

Goldman Sachs' logo seen displayed on a smartphone with an AI chip and symbol in the background.
NewslettersCFO Daily
Goldman Sachs CFO on the company’s AI reboot, talent, and growth
By Sheryl EstradaDecember 10, 2025
34 minutes ago
Current price of silver as of Wednesday, December 10, 2025
Personal Financesilver
Current price of silver as of Wednesday, December 10, 2025
By Joseph HostetlerDecember 10, 2025
39 minutes ago
EconomyFederal Reserve
If the Fed cuts interest rates today, it may be the last one until June 2026
By Jim EdwardsDecember 10, 2025
58 minutes ago
Jerome Powell, chairman of the US Federal Reserve
EconomyFed interest rates
Fed’s expected rate cut today is less about stimulating the economy and more about protecting the job market from ‘shattering’
By Eleanor PringleDecember 10, 2025
2 hours ago
NewslettersTerm Sheet
5 VCs sounds off on the AI question du jour
By Amanda GerutDecember 10, 2025
2 hours ago
Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Dec. 10, 2025: Earn up to 5.00% APY
By Glen Luke FlanaganDecember 10, 2025
4 hours ago

Most Popular

placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
16 hours ago
placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
1 day ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
18 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
4 days ago
placeholder alt text
Success
Even the man behind ChatGPT, OpenAI CEO Sam Altman, is worried about the ‘rate of change that’s happening in the world right now’ thanks to AI
By Preston ForeDecember 9, 2025
21 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.