Nancy Pelosi and Senate Republicans rip into White House's $1.8 trillion stimulus offer - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Democrats and Republicans rip into the White House's $1.8 trillion stimulus offer, dampening chances of $1,200 stimulus checks and coronavirus relief before the election

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

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:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Levi's opening NextGen stores with 'Tailor Shops.' Take a look inside. - 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. Still gotta go inside....
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump administration's $1.8 trillion stimulus plan: direct payments, unemployment benefits - 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. SpeakerPelosi This isnt good enough? I’m sick of the Democrats.....if we the people are suffering so should the people we employ...namely the House & Senate. Enough is Enough. TermLimits As long as it doesn’t contain unrelated inclusions (needs to be stand-alone, as trump suggested in an earlier tweet) I don’t see why they’d deny this. The problem is the partisan bill inclusions that hold things up
Source: BusinessInsider - 🏆 729. / 51 Read more »