House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin explained ongoing negotiations over a forthcoming stimulus package.Republicans and Democrats are assailing the Trump administration's $1.8 trillion stimulus offer.
The backlash from both parties diminishes the odds of a federal rescue package to pass before the election.The Trump administration's $1.8 trillion stimulus offer is undergoing significant backlash from both Democrats and Senate Republicans, dampening the odds of a government rescue package to keep individuals and businesses afloat ahead of the election.
"When the President talks about wanting a bigger relief package, his proposal appears to mean that he wants more money at his discretion to grant or withhold," Pelosi wrote in the letter, adding she remained "hopeful" for a final deal. Senate Republicans assailed the offer in a conference call with Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows on Saturday morning for both its spending levels and certain measures, per sources briefed on the call,Sen. Lamar Alexander of Tennessee said "there's no appetite right now to spend the White House number or the House number."
Tell guv'nors to stop playing dictator games & open all businesses & schools. People need to work & want to work. USA can't sustain the stimulus plan forever.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »