House of Representatives spokeswoman Nancy Pelosi said Tuesday that the deadline she set for negotiating a business agreement before the election was not a deadline at all. The bailout: the bailout could unlock billions for public schools – A breakdown of what the $4 trillion bailout was spent on Coronavirus recession is the most uneven in modern U.S. history Coronavirus Stimulus Control Calculator Personal Finance During the Pandemic What is a W-shaped economic recovery? “Today`s delay allowed the spokesperson and the secretary to see that decisions could be made and that language could be exchanged, which shows that both sides are serious about reaching a compromise,” Pelosi spokesman Drew Hammill said of Tuesday`s call, noting that the two sides are “close to an agreement.” Jobs: Workers prepare for more layoffs, hunger and supply closures as business talks are halted What to do if you`ve been fired or convicted because of the pandemic Companies that have secured PPP loans If Tuesday`s deadline goes unanswered, some economists say financial struggles could escalate in the country, especially if Trump loses or Democrats regain control of the Senate. A duck president or a lame congress could mean that the legislative bodies postpone the talks until 2021. Republicans in the Senate remain an obstacle to passing another major stimulus package. Republicans have not been able to muster the 60 votes needed to pass a bigger aid package since Congress passed the $1.8 trillion CARES bill in March, and senior members have expressed concern about the price tag. They failed Tuesday because of a piecemeal bill that would have extended credits for small businesses through the paycheck protection program. Prisoners are now entitled to $1,200 stimulus checks, but the deadline for implementation is close to Pelosi and Treasury Secretary Steven Mnuchin, who has been negotiating a new stimulus package since the summer, but efforts have been hampered by differences over national and local funding provisions, as well as Republican scouts over the size of spending. Their talks were also briefly derailed by President Donald Trump, who announced in early October that the White House would end negotiations before changing course and calling on the parties to move quickly.