Pelosi Slams Trump Over Stimulus Talks Withdrawal, Standalone $1,200 Check Push


Topline

 In the aftermath of President Trump’s sudden swerves on stimulus—he referred to as for a number of new payments, together with one to ship out extra stimulus checks, simply hours after declaring that help negotiations have been over till after the election—House Speaker Nancy Pelosi (D-Calif.) criticized the Trump administration for strolling away from the desk whereas the economic system is in disaster and the coronavirus isn’t beneath management.

Key Facts

“If you cared about America’s children, you would know you cannot go down this path,” Pelosi stated in an look on ABC’s The View Wednesday morning. 

In a Wednesday morning interview on FOX & Friends, White House chief of workers Mark Meadows stated that whereas the White House remains to be “willing to be engaged” on piecemeal measures for extra federal coronavirus help—together with on airways, small enterprise aid, and one other spherical of stimulus checks—he doesn’t consider a complete invoice is feasible. 

Meadows additionally blamed Pelosi for the failure in negotiations to this point, suggesting that she has “failed to budge.”

Pelosi maintained that her caucus has repeatedly compromised on their supply: “We came down a trillion dollars [from the $3.4 trillion Heroes Act in May], and then we came down $200 billion more,” she stated Wednesday. 

A spokesman for Pelosi stated that the Speaker and Treasury Secretary Steven Mnuchin had spoken on Wednesday morning to debate a standalone help invoice for the airline trade. 

Though typically against slender coronavirus aid payments, Pelosi final week stated she would help a standalone airline invoice that might forestall airline layoffs—when Democrats introduced that invoice up for a vote within the House, nonetheless, Republicans blocked it.

Crucial Quote

“All he has ever wanted in the negotiation is to send out a check with his name printed on it,” Pelosi stated Wednesday of Trump’s sudden push for a standalone stimulus verify invoice, “forget about the virus, forget about our children and their need to go to school safely.”

Key Background

On Tuesday afternoon, President Trump abruptly put a halt to ongoing negotiations between Pelosi (representing Democrats) and the White House, tweeting that he had instructed his representatives (together with Mnuchin) to cease work on an help invoice and to as a substitute concentrate on confirming Judge Amy Coney Barrett to the Supreme Court. According to the Washington Post, Senate Majority Leader Mitch McConnell (R-Ky.), who had struggled to unite his occasion behind a single GOP help proposal, suggested Trump that any deal that Mnuchin and Pelosi may make wouldn’t have sufficient GOP help to make it by way of the Senate. Just hours after asserting the top of negotiations, and amid swift backlash to the choice, Trump referred to as on lawmakers to approve one other $25 billion in help for the airline trade. Shortly after that, he stated he was prepared to “immediately” signal a standalone invoice to ship out one other spherical of $1,200 stimulus checks. Democrats aren’t more likely to take that strategy, nonetheless—they’ve been adamant that the subsequent invoice additionally embrace extra federal unemployment advantages and extra help to state and native authorities, in addition to varied different helps for struggling households. 

Further Reading

Airline Stocks Claw Back Losses Amid Trump Stimulus Whiplash (Forbes)

Stocks Dive After President Trump Shatters Stimulus Hope (Forbes)

Trump Urges Congress To Pass $1,200 Stimulus Checks, Paycheck Protection Funds After Ending Talks (Forbes)

Trump Torpedoes Stimulus Negotiations And These Six Benefits Are Off The Table (Forbes)



Source link Forbes.com

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