Skip to content
Home » Valentine's Day » Stimulus talks end, Trump says they will not resume until after Election

Stimulus talks end, Trump says they will not resume until after Election

Stocks tumbled as stimulus talks died on Tuesday, when President Donald Trump announced on Twitter that Democrats in Congress were asking for too much.

“Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith,” the President said. “I am rejecting their request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”


Earlier in the day Federal Reserve Chair Jerome Powell urged Congress to come through with more aid.

A $1.6 trillion offer was viewed as a middle-ground by Republicans, but not enough for Democrats. There was hope that another round of $1,200 stimulus checks could go out to Americans in the coming weeks if Congress and the White House could come together as unemployment remains high.


Categories: PoliticsNews

Top