While prospects of a stimulus deal remain slim, negotiators still work on it ahead of the election

Treasury Secretary Steven Mnuchin said Thursday the White House won't let differences over funding targets for Covid-19 testing derail stimulus talks. Later, President Trump said he would raise his offer for a stimulus package above the current level of $1.8 trillion. House Democrats passed a $2.2 trillion bill in early October, but Mitch McConnell has said he doesn't have the votes and, instead, proposed a $500 billon package. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Treasury Secretary Steven Mnuchin said Thursday that the White House won’t let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.

Later, President Donald Trump said that he would raise his offer for a stimulus package above his current level of $1.8 trillion. House Democrats have passed a $2.2 trillion bill.

“I would. Absolutely I would. I would say more. I would go higher. Go big or go home, I said it yesterday,” the president told Fox Business.

“Nancy Pelosi doesn’t want to give anything. She thinks it helps her with the election,” Trump continued. “And I don’t think so. I think it hurts her with the election because everyone knows she’s holding it up. We’re not holding it up. She’s holding it up.”

The president also took a swipe at his Treasury secretary, “So far he hasn’t come home with the bacon.”

House Speaker Nancy Pelosi, the lead negotiator for Democrats, had identified testing as one of the main sticking points in talks. Mnuchin appeared to cede ground to the speaker in an interview on CNBC’s “Squawk Box.”

“That issue is getting overblown,” Mnuchin said. “We’ve agreed to $178 billion overall for health. It’s an extraordinary amount of money. We’d agreed with the Democrats with $75 billion going to testing, contact tracing.”

“What we have been focused on is the language around testing,” he added. “When I speak to Pelosi today, I’m going to tell her that we’re not going to let the testing issue stand in the way. We’ll fundamentally agree with their testing language subject to some minor issues. This issue is being overblown.”

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