Talks on coronavirus aid package fail to produce deal Friday

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A last-chance effort to salvage a deal on a big new coronavirus aid package collapsed Friday, with both White House negotiators and congressional Democrats blaming the other side. “Unfortunately, we did not make progress today,” Treasury Secretary Steven Mnuchin told reporters after meeting for more than an hour with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. “I’ve told them to come back when you’re ready to give us a higher number,” Pelosi told reporters. The House Democrats had offered a $3.4 trillion bill in May, while Senate Republicans, with the White House’s blessing, put forward proposals scored independently at $1.1 trillion. Mnuchin said he and White House Chief of Staff Mark Meadows were willing to return if Democrats made new proposals.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.