President Donald Trump supports COVID-19 relief package above $1.8 and blames House Speaker Nancy Pelosi for delaying the deal, according to Bloomberg. Trump says Pelosi wants to delay the deal until after the November election. Pelosi and Treasury Secretary Steven Mnuchin are scheduled for another relief package talk on Thursday.
- Democrats want a $2.2 trillion relief package, and Pelosi has accused Trump of not taking the coronavirus pandemic seriously.
- Mitch McConnell, the Senate majority leader, and some congressional Republicans have resisted plans for a more than $1 trillion relief package
- Democrats are opposed to a piecemeal approach to providing assistance.
- Pelosi’s “all or nothing approach doesn’t make sense for the American people”-Mnuchin.
- Trump and Pelosi have questioned each other’s mental faculties.
- Differences on tax credits for lower-income families, real-estate and other businesses, and magnitude of support for local and state authorities also a stumbling block to the deal
Now DXY is up 0.44%, SPY is down 0.64%, S&P 500 is down 0.66%