As Business Insider previously reported, Pelosi's office on Saturday evening had signalled progress on stimulus talks, which have been monthslong and oftentimes contentious.
Matters in dispute include contact tracing and coronavirus testing.
House Speaker Nancy Pelosi said there has to be meaningful progess in negotiations on a pandemic stimulus bill by Monday if anything is going to pass before the election. The Democrat spoke with Treasury Secretary Steven Mnuchin for more than an hour Saturday night about the bill, Bloomberg reports. Are we going with it or not, and what is the language?' " Pelosi said.
The next stimulus package remains stalled in Congress, as Democrats and Republicans continue to hammer out the details of the plan. The two sides have been chipping away at a deal between the White House's $1.8 trillion offer and the Democrat's $2.2 trillion proposal.
Pelosi on Saturday said she had been concerned about the changes made by the Trump administration officials to the language about how to address testing and training within minority communities, adding that it had been altered to allow states to come up with their own plans.
Pelosi and Democrats have argued that neither the White House's or Senate's proposed bills are adequate, calling for more funding for state and local governments. "They took out 55% of the language that we had there for testing and tracing. It does nothing to address the barriers and needs of communities of color that have been disproportionately impacted by COVID-19".
Time is winding down before the November 3 presidential election to reach agreement on a new coronavirus relief package.
"That issue is getting overblown", Mnuchin said. "I'm optimistic because, again, we've been back and forth on all of this". It's an extraordinary amount of money.
"And if we test and trace and treat, masks, separate, ventilate, sanitize, and all the rest of that, we can open our schools, we can open our businesses".
Meanwhile Senate Republicans led by Majority Leader Mitch McConnell are planning to vote next week on a pared-down quote-unquote "skinny" bill of roughly $500 billion in targeted aid.
"In some segments, the economy is recovering and rebounding in a very robust way but in other segments, things like hotels and restaurants, small businesses, particularly in minority and low- income communities, those places are seeing much more hard situations", Bostic said on CBS' "Face the Nation".
The coronavirus has infected more than 8.1 million people in the United States, according to the latest data compiled by Johns Hopkins University.