“I have asked my representatives to avoid negotiating until the end of the election, when, after my victory, we will pass an primary stimulus bill for American staff and small businesses,” Trump tweeted.
Trump’s resolution came after speaking to key Republican leaders in Congress, who were eyeing conversations between Treasury Secretary Steven Mnuchin and Pelosi with suspicion. Many Senate Republicans had signaled that they would not be willing to settle for a law of the stimulus greater than a trillion dollars. and Republican Party aides had privately turned clients away from a deal.
Last week, the White House said it supported an unemployment pandemic of $400 a week to gain benefits and suspended the option of a $1. 6 trillion COVID-19 aid bill, but that offer was rejected through Pelosi.
Pelosi had spoken to Mnuchin earlier on Tuesday. After Trump tweets pushed forward negotiations, Pelosi said Trump was “unwilling to weigh the virus” and “refused to provide genuine assistance to poor children, the unemployed, and working families in the United States. “
Trump interrupted talks after Fed Chairman Jerome Powell warned Tuesday that the economic recovery remains fragile seven months after the start of the coronavirus pandemic without additional economic stimulus.
Stocks fell sharply on Wall Street after Trump ordered a halt to the price.
The Dow Jones Industrial Average went from a profit of about two hundred emissions to a loss of about three hundred emissions.
Powell, speaking to the National Business Economics Association, made it clear that the inadequate “would lead to a weak recovery, creating unnecessary difficulties for families and businesses. “
Trump cited Pelosi’s demands for state and local governments as a key explanation for why he is fleeing talks. Pelosi and Mnuchin were very far apart in this factor: Trump contributed $250 billion while Pelosi had more than $400 billion. And Pelosi calling, among other provisions, for a higher weekly unemployment allowance and reimbursable tax credits for the poor.
Negotiations began in July and were suspended for weeks before they warmed up recently. Pelosi insisted on an aid program of more than $2 billion, over the charge of the historic CARES act in March. Trump said Pelosi will offer $2. 4 trillion.
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