Chinanews, October 23, a comprehensive report, on the 22nd local time, the Speaker of the House of Representatives and Democrat Pelosi expressed optimism about the prospects of reaching a new crown bailout agreement with the White House, but warned that the draft bailout bill and the Voting on the bill may take longer.

This means that it is unlikely that the bill will be passed before the US general election on November 3.

Data map: United States Capitol.

Photo by China News Agency reporter Chen Mengtong

　　According to reports, as the US Congress has not yet reached an agreement on a new round of bailout, it is almost impossible for lawmakers to inject funds to fight the new crown epidemic or boost the economy before the November 3 general election.

　　However, Pelosi said she believes that both parties hope to reach an agreement.

"We will reach a good measure, and I am still optimistic about it."

　　Pelosi said on the 22nd that the two parties in the United States could "almost" reach an agreement on the new crown rescue agreement, but she also warned that it will take time for the agreement to become law.

Pelosi said: "Even if we can resolve some of these issues in the next few days, it will take some time to draft the bill."

　　She also said that the two sides have still not reached consensus on several issues.

These issues include assistance to state and local governments, protection of corporate responsibility, and funding for the US census and election system.

In the intermittent negotiation process of the past few months, these differences have never been resolved.

　　However, White House economic adviser Kudlow expressed pessimism on the prospects of reaching an agreement before the election on the 22nd.

He told reporters at the White House: "There are still major policy differences."

Data map: Pelosi, Democrat and Speaker of the US House of Representatives.

Photo by China News Agency reporter Sha Hanting

　　According to the report, in the difficult process of reaching a bailout agreement, Democrats and Republicans have become more and more prominent in their fundamental differences on what role the government should play in helping the United States get rid of the economic and medical crisis.

　　Fed Chairman Powell and many economists warned that if Congress fails to pass more bailout plans, it may have devastating economic consequences.

　　According to previous reports, since the outbreak of the new crown epidemic, the U.S. Congress has passed four rounds of economic stimulus plans and allocated nearly 3 trillion U.S. dollars, but many aids including unemployment insurance have expired in early August.

　　The US media quoted analysis as saying that if the two parties fail to reach an agreement on a new round of economic stimulus plan in the near future, it may cause the US economy to decline again in the fourth quarter.