Pelosi expects to secure an aid deal with the White House this week after 50 minutes talk with Treasury Secretary Steve Mnuchin, according to Reuters. Talks expected to continue on Wednesday. Pelosi and Chuck Schumer, Senate Democratic leader, wanted $3.4 trillion package, but reduced it to $2.2 trillion.
- White House views $2.2 trillion figure too high – Larry Kudlow, White House economic adviser.
- Trump “would be willing to sign a $1.3 trillion.” White House Chief of Staff Mark Meadows
- Trump should raise its offer-Pelosi
Market reacting on risk sentiment due to contested relief package as Treasury bond and risk haven Gold gains. DXY is down 0.38%, SPY is down 0.43%, TLT is up 0.21%, XAUUSD is up 0.93%
