Treasury Secretary Steven Mnuchin said he presented a new US$916 billion ($1.22 trillion) Covid-19 relief proposal to House Speaker Nancy Pelosi, in the first move by the Trump administration since Election Day to break a months-long standoff.

Mnuchin said in a tweeted statement that he had conferred with Republican congressional leaders on the plan, as well as President Donald Trump. He said that he spoke with Pelosi at 5 p.m. Tuesday.

“This proposal includes money for state and local governments and robust liability protections for businesses, schools and universities,” Mnuchin said in his statement. Those two issues have been the two key roadblocks in bipartisan talks on a US$908 billion proposal put forth last week.

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