Happy Monday and welcome back to On The Money. Im Sylvan Lane, and heres your nightly guide to everything affecting your bills, bank account and bottom line.
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THE BIG DEALDemocratic leaders report 'some progress' in stimulus talks with White House: Democratic leaders announced slow progress with White House negotiators Monday after meeting for nearly two hours in Speaker Nancy PelosiNancy PelosiNegotiators hit gas on coronavirus talks as frustration mounts Hillicon Valley: NSA warns of new security threats | Teen accused of Twitter hack pleads not guilty | Experts warn of mail-in voting misinformation Schiff, Khanna call for free masks for all Americans in coronavirus aid package MOREs (D-Calif.) office on Capitol Hill.
It was productive. Were moving down the track, but we still have our differences. We are trying to have a clearer understanding of what the needs are, Pelosi said after meeting with Treasury Secretary Steven MnuchinSteven Terner MnuchinNegotiators hit gas on coronavirus talks as frustration mounts Schiff, Khanna call for free masks for all Americans in coronavirus aid package Lawmakers aim for COVID-19 relief deal this week MORE and White House chief of staff Mark MeadowsMark Randall MeadowsNegotiators hit gas on coronavirus talks as frustration mounts Lawmakers aim for COVID-19 relief deal this week On The Money: Unemployment debate sparks GOP divisions | Pandemic reveals flaws of unemployment insurance programs | Survey finds nearly one-third of rehired workers laid off again MORE.
The needs are that millions of children in our country are food insecure. Millions of people in our country are concerned about being evicted, she added. The way we can correct so much of that is for us to defeat the virus. Much of our discussion has to be on how we defeat the virus, and that takes dollars and policy.
The Hills Alexander Bolton explains here.
The prognosis: Asked if a deal might emerge in the next 48 hours, both Democratic leaders remained silent. Staffs on both sides plan to work late into Monday evening.
Whats on the table:
LEADING THE DAY
Prosecutors hint at probe into 'possibly extensive and protracted criminal conduct at the Trump Organization' The Manhattan district attorney's office on Monday hinted that its subpoena for President TrumpDonald John TrumpMark Kelly clinches Democratic Senate nod in Arizona Trump camp considering White House South Lawn for convention speech: reports Longtime Rep. Lacy Clay defeated in Missouri Democratic primary MORE's tax returns is part of an investigation into potential fraud allegations detailed in media reports in recent years.
In response to the latest legal challenge by Trump's attorneys, New York County prosecutors said that news reports about the president's financial history provide sufficient justification for requesting the extensive amount of information from the accounting firm Mazars in their grand jury investigation.
The Hills Harper Neidig breaks it down here.
What prosecutors are eyeing:
Trump backs potential Microsoft, TikTok deal, sets September deadline: President Trump said Monday that social media platform TikTok must end its U.S. operations on Sept. 15 if a pending deal with Microsoft to buy the company from Chinese group ByteDance does not go through.
We set a date I set a date of around Sept. 15, at which point its going to be out of business in the United States, Trump told reporters. But if somebody, and whether its Microsoft or somebody else, buys it, that will be interesting.
Trump noted that he approved of Microsoft buying TikTok. Microsoft confirmed Sunday that it had spoken to Trump and was in talks to buy TikTok from ByteDance, a Beijing-based company that is currently under investigation by the Treasury Departments Committee on Foreign Investment in the United States (CFIUS).
I dont mind whether its Microsoft or somebody else a big company, a secure company, a very American company buys it, Trump said Monday. Its probably easier to buy the whole thing than to buy 30 percent of it.
The Hills Maggie Miller has more here.
GOOD TO KNOW
ODDS AND ENDS
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