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Trump gave his own description of the deal designed in part to assuage GOP concerns. He wrote that it “will follow my direction for free CoronaVirus tests, and paid sick leave for our impacted American workers.”

The president also said he directed Mnuchin and Labor Secretary Eugene Scalia “to issue regulations that will provide flexibility so that in no way will Small Businesses be hurt.”

Pelosi first announced a deal only about two hours after Trump indicated he would oppose a version of the Democratic-backed plan. On an earlier conference call, House Minority Leader Kevin McCarthy also told GOP members he did not yet support the legislation. 

The overarching provisions described by Pelosi largely matched the developing agreement she described Thursday night. Pelosi and Mnuchin had 13 separate conversations throughout the day, the last at 5:48 p.m. ET after Trump’s Rose Garden news conference, according to Pelosi spokesman Drew Hammill.

In a note to colleagues Friday night, Pelosi said that “because it was essential for us to have legislation pass the House by this weekend, it required intense and constant negotiations for what could have been an elusive agreement.” Not only did the House want to respond quickly to the crisis, but also it has a scheduled recess next week.

Trump took steps to try to mitigate damage on Friday as he faces backlash for his administration’s response to the crisis. He declared a national emergency, said he would temporarily waive the interest on federal student loans and directed his administration to buy oil for its strategic reserve.

The spreading coronavirus crisis has led to fears of widespread economic disruption and workers, either sick or laid off by businesses battered by the outbreak, unable to make ends meet. Major U.S. stock indexes all fell at least 8% this week despite a spike on Friday.

The U.S. has more than 1,700 cases of the coronavirus disease COVID-19, and at least 40 people have died from it, according to data compiled by Johns Hopkins University. The rapid spread of the coronavirus in other countries, and Trump’s public comments on its transmission here, have led to concerns about his administration’s ability to handle testing and the capacity of the U.S. health care system to treat patients. 

The outbreak has upended American life. States and cities have suspended school or banned large gatherings.

Louisiana became the first state to delay its presidential primary due to the virus, as candidates have effectively stopped campaigning in person because of it. Sports leagues such as the NBA and NHL have suspended their seasons, while the NCAA canceled its March Madness basketball tournaments. 

— CNBC’s Eamon Javers contributed to this report

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