funds... well above the $1.6 billion

NewAmerica

Banned
Mandarin
Does "funds... well above the $1.6 billion" mean "Schumer's funds alone are, e.g., $2 billion (well above 1.6 b)"?

Thanks in advance

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Schumer Rescinds Offer on Funding Trump’s Border Wall
Senate Minority Leader Chuck Schumer (D-NY) told the White House this week that he has retracted his offer to provide funds for the Mexico border wall well above the $1.6 billion that President Trump originally requested, Politico reported Tuesday. Sources say “Trump will simply not get a better deal than that on his signature campaign promise.” Last Friday, Schumer originally offered the border-wall funds while meeting with Trump, hoping to get “a broader deal to help DREAMers.”

-Daily Beast

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  • Copyright

    Senior Member
    American English
    ... Chuck Schumer (D-NY) told the White House this week that he has retracted his offer to provide funds for the Mexico border wall well above the $1.6 billion that President Trump originally requested, ...

    Trump originally requested $1.6 billion. Schumer will not provide funds for a new dollar amount that is well above the original figure.
     

    Copyright

    Senior Member
    American English
    He is willing to pay $1.6 billion and no more – but that’s not enough, based on revised estimates. So he withdrew his offer to pay that amount.
     
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