Trump said that the Senate should instead focus on confirming his Supreme Court pick, Amy Coney Barrett.
Meanwhile, Americans who had been following the months-long stimulus negotiation talks, hoping that a resolution would be reached before the election, could only watch as the news impacted the stock market and questions swirled. To bring you up to speed on the latest, we've recapped what it all means for those hoping for another round of direct payments sooner rather than later — and summarized the timeline that led up to this point.In short, the likelihood of a further delay in any further rounds of direct payments just increased.
While the promise of a second check is not dead yet, the road toward a speedy resolution just took a hard left turn. Unless Trump switches toward supporting a deal instead of a pause on negotiation talks, any timeline toward a deal that would result in direct payments has likely been extended even further.
So how did we get here? For those looking to understand how this all fits into the broader events of the last seven months, here are the key developments leading up to the president's statements on Tuesday.the Senate passed the Coronavirus Aid, Relief, and Economic Security Act, which provided funds for PPE for healthcare workers, loans for small businesses, and unemployment benefits. The $1,200 stimulus checks and extra $600/week in benefits were a result of the bill.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump tells his team to end stimulus negotiations until after the election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You can improve your business by creating a business banner on LinkedIn. And I can help you design this banner. Contact me if you are interested Watch Trump kill the economy Good 👍 Stop Democrats game! Game over NancyPelosi 👌
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump calls on Congress to approve direct payments hours after ending stimulus negotiations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Trump is high on drugs. Literally Can SOMEONE DO A DAMN WELLFARE CHECK ON realDonaldTrump !!! cnn tyt rolandsmartin briantylercohen dpakman Morning_Joe he is off his meds..get a straight jacket
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks fall after Trump tweets he'll delay stimulus talks; move follows Fed's Powell urging Congress to approve a robust planStocks slumped Tuesday after President Trump said he'll halt stimulus negotiations until after the election, hours after the Federal Reserve Chair Jerome Powell said that providing too little relief would weaken the recovery from the coronavirus recession. TrumpCrash Joe and Kamala are bringing hope to USA! Vote! Due to the late slow disastrous approach to pandemia by Trump, USA is a huge graveyard with more than 210000 coronavirus patient’s deaths. Trump destroyed the economy and cannot respond to racial crisis properly! Vote ! I dont even think its Maga ppl anymore. I think ppl with any sense at this point, would be able to see Joe has had a long time in office and didn't do much. How can a person with 3.5 yrs in the office be that threatening? I feel more threatened by the ppl thats been there for 30+
Source: USATODAY - 🏆 100. / 63 Read more »