"We all want to get an agreement because people need it...and our economy needs it,"" said the Speaker of the House Tuesday.
Future contracts for the Dow Jones rose 79 points, while the futures for the S&P 500 and tech-heavy Nasdaq Composite edged higher into positive territory.
The Speaker of the House said she is "optimistic" about negotiations, noting that "we've been back and forth on all of this."
"Now is the time for us to come together," wrote Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows.
"I don't think it's dead at all," Larry Kudlow, the president's chief economic adviser, said Sunday on CNN's "State of the Union."
Mohammad Javad Zarif warned that the "culprits" behind sanctions that stop medicines "will face justice."
"It just depends on if they understand what we have to do to crush the virus," the Speaker of the House said.
"For many Senate Republicans, it will be the top line figure, regardless of the content," Senator Mike Braun of Indiana said.
"I think we're hopeful that we can get something done," Treasury Secretary Steven Mnuchin said.
Treasury Secretary Steven Mnuchin said he was ready to resume stimulus negotiations and that the president is willing to support stand-alone legislation for small businesses.
"There is a compromise if the speaker [of the House] is willing to move forward," Steven Mnuchin said.
President Donald Trump said he will make the payroll tax cuts permanent if he wins re-election in the November election.
House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin reportedly reached the agreement during a Tuesday phone call.
"We're not going to just keep on coming back every day if we can't get to a deal," said U.S. Treasury Secretary Steven Mnuchin.
Vanessa Pappas, general manager for TikTok U.S., thanked American users of the app, just one day after Trump told reporters that he would act to effectively ban the app as soon as Saturday.
Mark Meadows, Steven Mnuchin, Nancy Pelosi and Chuck Schumer are set to meet at 9 a.m. in an attempt to agree new deal.
"I do think the odds favor a big increase in job creation and a big reduction in unemployment," White House economic adviser Larry Kudlow said.
Republicans also want to include tax incentives and liability protections for businesses so they can continue on the path to reopening, Treasury Secretary Steven Mnuchin said.
"Families are going to face high rates of eviction, homelessness, food insecurity, hunger," Indivar Dutta-Gupta said. "And the economy overall is going to see much slower progress in a recovery than otherwise."
The Treasury secretary said that Congress should completely forgive the smaller loans given to businesses to keep their lights on amid the economic downturn and that loans should be extended for hospitality and travel industries, as well.
"We're very focused on, as part of the next CARES Act, we're going to seriously consider whether we need to put more payments and direct payments," said Treasury Secretary Steven Mnuchin.
Appearing before the U.S. Senate Small Business Committee, Mnuchin said the economy has already begun rebounding from the coronavirus pandemic and that data shows the U.S. is "well-positioned for a strong, phased reopening of our country."
Treasury Secretary Steve Mnuchin has previously warned that companies that have taken the funds without proper justification could face "severe consequences."
It will take years before the economy is at pre-pandemic levels again.
"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Treasury Secretary Steven Mnuchin said in a joint statement.
"You're looking at something minus 20 to minus 30 in the second quarter," Kevin Hassett predicted.
"All eligible borrowers who need these funds should work with an approved lender to apply," read a joint statement from the U.S. Treasury Department and the Small Business Administration.
However, while the president singled out Harvard as an entity that should return the money, Harvard says the university received no funds from the Paycheck Protection Program, but rather through an allocation through the CARES Act.
"The notion that corporations incorporated under state law should be considered Tribal governments is shocking," said Tulalip Tribes Chairwoman Gobin in a Friday statement.
"My expectation is that we'll be opening it up based upon medical conditions," Mnuchin said. "So, obviously we'd like to open up as much GDP as we can, but my expectation is that places like New York are gonna take a little bit longer."