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Trump calls for pause on coronavirus stimulus talks until after the election

Trump calls for pause on coronavirus stimulus talks until after the election

President Trump on Tuesday said he has instructed Republicans to pause negotiations on a coronavirus stimulus package until after the election, instructing Senate Majority Leader Mitch McConnell, R-Ky., to focus “full-time” on getting his nominee to fill the vacant seat on the U.S. Supreme Court approved.

Trump said in a Twitter post that negotiations would resume after the election, at which time a bill would be passed to support small businesses and hardworking Americans.

He also accused House Speaker Nancy Pelosi, D-Calif., of pushing for a $2.4 trillion package that would act as a bailout to “poorly run, high crime, Democrat States.”

PELOSI, MNUCHIN HAGGLE OVER CORONAVIRUS STIMULUS PACKAGE PRICE TAG AS TALKS CONTINUE 

Pelosi and Treasury Secretary Steven Mnuchin were expected to continue negotiations on Tuesday, though spending has been a sticking point between the two sides.

As previously reported by FOX Business, House Democrats passed a $2.2 trillion revised HEROES Act last week, in a largely symbolic move because Mnuchin said that Republicans would not approve a $2.2 trillion package.

Mnuchin noted that President Trump instructed Republicans to come up from their original negotiating point of $1 trillion – and the Treasury Secretary suggested that the number being discussed was somewhere in the “neighborhood” of $1.5 trillion.

STILL NEED YOUR CORONAVIRUS STIMULUS CHECK? KEY DEADLINES TO KNOW

On Tuesday, Trump said Republicans were willing to agree to a $1.6 trillion bill.

Democrats had originally proposed the $3 trillion HEROES Act in May, which was approved by the Democratic-controlled House of Representatives without Republican support.

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Published at Tue, 06 Oct 2020 19:38:53 +0000