- Spokeswoman Nancy Pelosi pledged to keep the House in session until agreement was reached on coronavirus control legislation.
- "We are determined to stay here until we have an agreement that meets the needs of the American people," Pelosi said in a CNBC interview.
- It is unclear whether the move would help break the impasse and lead to a business cycle agreement.
- You can find more stories on the Business Insider homepage.
Spokeswoman Nancy Pelosi said Tuesday the House was "obliged" to stay in session until lawmakers responded to a coronavirus aid package.
During a CNBC interview on Tuesday, Pelosi said an agreement was critical to propping up the economy.
"We are determined to stay here until we have an agreement that meets the needs of the American people," Pelosi said in a CNBC interview. "We are optimistic that the White House will understand that we have to do some things."
Pelosi's remarks came after a bipartisan group of House lawmakers launched a $ 1.5 trillion stimulus plan to pave the way for talks between the White House and the Democrats. It is unclear whether the steps will stall and lead to an agreement.
Jared Kushner, a senior White House adviser, said Tuesday that a deal "may have to take place after the election because there is obviously politics involved".
Continue reading: Morgan Stanley says the future of the stock market is "unusually dependent" on another stimulus package – and recommends 5 portfolio moves that should be made if Congress passes another round
The house should not be occupied by the beginning of next month.
Negotiations on a coronavirus relief law fell apart last month over a heated argument over the amount of government spending needed to prop up the economy. Democrats asked for an additional $ 2.2 trillion in spending, but Republicans failed on the amount.
State aid and federal unemployment benefits formed the two biggest cracks in talks between Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows, and Senate minority leaders Chuck Schumer and Pelosi.
Critical parts of the last economic stimulus that Congress approved in March have expired. Almost 30 million Americans continue to have unemployment benefits, and a program the Trump administration launched early last month with executive action is already financially exhausted.