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Kudlow: Not Much Progress On Key Areas In Stimulus Talks

US

White House's Kudlow doing the rounds on the morning news shows, with the same message on stimulus negotiations as yesterday: we're closer to a deal than a few weeks ago, but not much progress on some key areas; White House not willing to meet House Democrats on issues such as state/local funding in this bill.

  • Sounds from Kudlow like there is still a long list of differences between WH and Speaker Pelosi. And that's before the Senate gets involved (Kudlow 'not aware' whether McConnell has urged the White House not to make a deal).
  • As such, Kudlow expressing doubts a deal will get done in the 11 days to election day.
  • Still unclear if/when Pelosi/Mnuchin will speak today.
  • Little market reaction, as Kudlow's comments merely reinforce the status quo.

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