All signs point toward congressional leaders and Treasury Secretary Steven Mnuchin-who's been negotiating on behalf of the White House-striking a final deal Tuesday and passing the stimulus in the Senate.
Senate Majority Leader Mitch McConnell denounced the "absolutely mindless obstruction" by the Democrats, accusing them of "fiddling around with Senate procedure" while the economy floundered and businesses shut down due to pandemic lockdowns across the US.
"Democrats are trying to sneak in a nationalized ballot harvesting regime, meaning that political operatives in every state would now be able to come to a voter's house to pick up their ballot and deliver it to the polling location", Davis said of one of five major election reforms included in Pelosi's "Take Responsibility for Workers and Families Act of 2020" (TRWFA). Chuck Schumer, said agreement appeared close. "Of the few outstanding issues, I don't see any that can't be overcome within the next few hours". "Now we're on the two".
Mr. Mnuchin said he has been in regular contact with President Trump, who attacked Democrats several times on Twitter during the negotiations Monday night, at one point asking whether the Democrats "want the virus to win".
"I'm pleased that our two main issues-workers first and a Marshall Plan for hospitals-are very strongly in the bill", Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters late Monday night.
CNBC host Jim Cramer grilled House Speaker Nancy Pelosi (D-CA) on his show, Tuesday, warning that if Democrats and Republicans don't come together within the next 24 hours to pass a coronavirus bill, "it's a different world for all of us".
Ahead of the resumption of talks Tuesday morning, US futures rose sharply after the leaders signaled resolution was in sight. But they insisted that it needed to include more oversight provisions for a US$500 billion fund for large businesses.
A one-time payment of 1,200 dollars (£1,000) per person, or 3,000 dollars (£2,500) for a family of four, would go directly to the public.
Schumer said a key provision in the emerging package would provide for four months of salary for workers furloughed because of the pandemic.
Since then, the House impeached Trump, the President declined to shake her hand at the State of the Union, the speaker tore up his speech - and the President has leveled a litany of insults and even suggested she should be prosecuted.
"Our nation can not afford the game of chicken", McConnell said late Sunday night. "Neither of us think they're in any way going to get in the way of a final agreement". Still, "we are very close".
The Senate is making progress in negotiations relating to the legislation proposed by the Republicans, both sides suggested.
"Congress must approve the deal, without all of the nonsense, today. The longer it takes, the harder it will be to start up our economy", he tweeted.
In negotiations, Senate Democrats focused on requests for oversight of a $500 billion loan program administered by the Treasury Department, which they called a "slush fund", and pressed for more money for state and local governments. Only Monday, Pelosi introduced a massive Democratic measure with liberal priorities, drawing scorn from Republicans. "It was about corporate America, we're about the workers, because this is where the economy thrives".
That legislation would likely be irrelevant if a bipartisan deal is forged in the Senate.
Trump in recent days has sounded a note of frustration about the unprecedented modern-day effort to halt the virus' march by essentially shutting down public activities in ways that now threaten the US economy.
Even though Trump's administration recommended Americans curtail activities starting a week ago, the president said: "We can not let the cure be worse than the problem itself".
He continued on that theme Tuesday as he weighed a relaxation of social distancing guidelines after the 15-day period is up. To just assent to whatever the White House dictated and wind up with a package that did less for those struggling Americans while providing a windfall for corporations - especially those that win Trump's favor?
With a wary population watching and waiting, Washington labored under the size and scope of a rescue package - larger than the 2008 bank bailout and 2009 recovery act combined. The money also would be used for medical supply shortages-hospital beds, ventilators, personnel-particularly at rural and small facilities.
"I think we're getting to a good place, if they stay there", Pelosi said.