US equities rose on Friday as investors held out hope for a stimulus agreement between the White House and Democrats ahead of their end-of-week deadline.
Odds for a pre-election spending deal are slim. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to hold talks on a measure less than two weeks before Election Day. Pelosi indicated Thursday that the two groups are "just about there" on reaching an agreement. The speaker previously said she aims to finalize a deal before this weekend.
Still, Senate Republicans are all but certain to ignore the bill on grounds that it costs too much. Democrats blocked Republicans' $500 billion skinny bill on Wednesday, leaving both sides at a stalemate for passing new relief.
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Why? SpeakerPelosi is clearly not interested in helping people. She just wants to play her egotistical games. If Dems keep the house, it’s time for new leadership.
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