Environment & Energy Report

Pelosi $2.5 Trillion Plan Has Mortgage Reprieve: Congress Update

March 24, 2020, 12:34 AM

Republicans and Democrats in Congress are negotiating with Treasury Secretary Steven Mnuchin Monday in an attempt to reach a compromise on Majority Leader Mitch McConnell’s bill worth as much as $2 trillion to help soften the economic blow from the coronavirus pandemic.

Here are the latest developments:

Pelosi $2.5 Trillion Plan Has Mortgage Reprieve (8:26 p.m.)

House Speaker Nancy Pelosi unveiled a $2.5 trillion, 1,400-page virus stimulus bill in a bid to shape talks on a rival Senate GOP bill that remained stalled on Monday.

The Pelosi bill has broad implications for the financial sector. It would force lenders...

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