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

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026
PoliticsCongress

Pelosi urges Trump to press Republicans to back $2,000 stimulus checks

By
Billy House
Billy House
,
Laura Davison
Laura Davison
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Billy House
Billy House
,
Laura Davison
Laura Davison
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
December 23, 2020, 1:00 PM ET
Add Fortune on Google for similar content.

House Speaker Nancy Pelosi pledged swift action on new legislation boosting stimulus payments for individuals to $2,000, urging Republicans to join Democrats in meeting a last-minute demand from President Donald Trump that threw a historic pandemic relief package into doubt.

Pelosi highlighted in a letter to colleagues Wednesday that Republican leader Kevin McCarthy’s approval will be needed to proceed with a unanimous consent request to increase payments to $2,000, from the $600 that was part of the pandemic relief package Congress passed late Monday. Trump on Tuesday said the smaller amount wasn’t enough, and he cast doubt over whether he’d sign the $2.3 trillion spending bill.

“If the president truly wants to join us in $2,000 payments, he should call upon Leader McCarthy to agree to our unanimous consent request,” Pelosi said in a letter to House Democrats.

The speaker also said that Trump should sign the legislation passed Monday night, which provides $900 billion in pandemic relief and $1.4 trillion in regular federal funding through the end of the fiscal year. Trump would need to sign it by Dec. 28 to avert a lapse in government funding after midnight that day.

“The entire country knows that it is urgent for the president to sign this bill, both to provide the coronavirus relief and to keep government open,” Pelosi said in her letter.

The speaker plans to convene the House in a pro-forma session at 9 a.m. Thursday. There’s been no word from Senate Majority Leader Mitch McConnell—whose GOP conference had consistently demanded a smaller relief package before signing on to the $900 billion effort on Monday—on whether his chamber will move on the proposal.

A spokesperson for McConnell didn’t immediately respond to a request for comment.

Data, markets

Economic data on Wednesday underscored the need for help, with Americans’ incomes tumbling 1.1% in November—far worse than economists had anticipated, and the second straight drop. Initial filings for jobless claims held above 800,000 in the most recent week, more than quadruple where they were in late January.

Stocks largely shrugged off the news on the complications in Washington and on the economy. The S&P 500 Index was up 0.5% as of 12:13 p.m. in lighter-than-usual pre-holiday trading, halting a three-day slump.

Trump slammed Monday’s bill as a “disgrace” for not doing enough for Americans in need. The charge came less than 24 hours after Congress approved the legislation with overwhelmingly bipartisan votes. He also called for eliminating “wasteful and unnecessary items,” but he didn’t say whether he would veto the bill.

Just one House member could block the bill Pelosi plans for Thursday. She and her lieutenants would then need to decide whether they want to the bring it before the entire House for a roll-call vote. Most members left Washington earlier this week after passing the year-end package on Monday.

Boosting the payments for adults to $2,000, while leaving the payments for children at $600 would cost the federal government $482 billion, according to estimates from Kyle Pomerleau, an economist at the American Enterprise Institute. That’s roughly $318 billion more than the $164 billion in estimated payments in the current package, according to the Joint Committee on Taxation’s calculations.

GOP pressure

Trump’s move puts sudden pressure on congressional Republicans, most of whom resisted larger stimulus checks in an effort to hold the total cost of the pandemic package below $1 trillion. Democratic Senator Bob Casey said that while it’s good for Trump to support direct payments now, the president was absent during months of negotiations, when he should have been making those demands.

“Donald Trump’s going to have trouble with his own party,” Casey predicted in an interview. “It’s likely that that won’t happen because Republicans will vote against it—a lot of them didn’t want the $600. So that’s a nice sentiment for the president but where was he all these months, helping Democrats get that done? He was AWOL.”

Two of Trump’s most ardent supporters, Senators Lindsey Graham of South Carolina and Josh Hawley of Missouri, said the president’s bid to increase the payment amounts was the right move. Hawley had sought $1,200 checks before backing Monday’s legislation.

Graham suggested the expanded stimulus checks be twinned with a separate Trump priority—the repeal of a law protecting social media companies from liability for most of their user-generated content.

Defense bill

The president has separately threatened to veto a giant annual defense-spending bill, for several reasons including its lack of a provision to repeal these protections for social-media companies. Republicans and Democrats alike argued that such a measure needed to be considered separately from the National Defense Authorization Act.

Trump would need to follow through on his veto threat of the defense bill on Wednesday, or it automatically becomes law. Graham suggested that combining the repeal of the social-media measure with the $2,000 checks would persuade the president to sign both pending pieces of legislation. Pelosi hasn’t addressed his pitch.

“I have reason to believe this combination will lead to President Trump supporting the NDAA and COVID-19 omnibus bills,” Graham tweeted Tuesday.

GOP opposition to further deficit spending could make that idea unworkable, however. That then sets up the possibility for two vetoes by Trump, and the potential for overrides by the House and Senate during the final weeks of his presidency. Trump has vetoed several bills during his tenure, but Congress has yet to successfully override one.

About the Authors
By Billy House
See full bioRight Arrow Button Icon
By Laura Davison
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

sb
Personal FinanceSocial Security
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
By Nick LichtenbergJune 17, 2026
33 minutes ago
Anthropic CEO Dario Amodei speaking into a microphone.
NewslettersEye on AI
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
By Jeremy KahnJune 16, 2026
12 hours ago
U.S. Treasury Secretary Scott Bessent.
EconomyFederal Reserve
Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says
By Tristan BoveJune 16, 2026
14 hours ago
Chairman of the Federal Reserve Kevin Warsh arrives to his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC.
EconomyKevin Warsh
Kevin Warsh’s first Fed test is here: He must navigate hawks ‘on the offensive’ and Wall Street’s hunger for details on regime change
By Eleanor PringleJune 16, 2026
15 hours ago
Dario Amodei, co-founder and chief executive officer of Anthropic, at Bloomberg House
AIAnthropic
The shutdown of Anthropic’s Mythos model sparks a global scramble for sovereign AI
By Beatrice NolanJune 16, 2026
17 hours ago
trump
Middle EastIran
Iran, Trump have a common problem in their deal to end the war: Israel
By Jon Gambrell, Sam Metz, Samy Magdy and The Associated PressJune 16, 2026
19 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
19 hours ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
18 hours ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago

© 2026 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.