All Negotiations for Another COVID-19 Stimulus Bill Are On Hold
Last Tuesday, President Trump announced that he’s holding any talks on another coronavirus (COVID-19) stimulus bill until after the Nov. 3 election.
“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill,” Trump said in a Twitter post.
In Trump’s several tweets, he gave his reasons for holding the talks, saying that House Speaker Nancy Pelosi (D-Calif.) negotiated in bad faith.
Why President Trump Said No
“Nancy Pelosi is asking for 2.4 Trillion Dollars to bail out poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” Trump said. “We made a very generous offer of 1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their request.”
“Walking away from coronavirus talks demonstrates that President Trump is unwilling to crush the virus,” Pelosi rebutted in a statement.
The statement from the president was announced the same day that Federal Reserve Chairman Jerome Powell said that the nation’s economy will face “dire consequences” if Congress and the administration fail to immediately agree on another round of aid to consumers and businesses.
“The expansion is still far from complete,” Powell stated. “At this early stage, I would argue that the risks of policy intervention are still asymmetric. Too little support would lead to a weak recovery, creating unnecessary hardship.”
Editor’s note on Trump Says No Stimulus Package Until After Election:
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