President Donald Trump has raised his offer for a new fiscal stimulus package to $1.8tn in a bid to strike a final compromise with congressional Democrats on relief for the US economy before the November election.
The revised bid is higher than the $1.6tn previously proposed by the White House but remains lower than the $2.2tn in new spending proposed by Democrats in the House of Representatives, so it may not be sufficient to strike a deal.
Nancy Pelosi, the Democratic House speaker, and Steven Mnuchin, Treasury secretary in the Trump administration, have been holding on-and-off negotiations for days on a possible compromise, so far in vain.
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