No Stimulus Before the Election, Trump Says, but Expect More Spending No Matter Who Wins
President Donald Trump announced Tuesday that he was cutting off negotiations with Congress on a new coronavirus stimulus bill until after November’s election—but you can expect the federal government to hike spending once more after the election, no matter who wins.
It’s an abrupt reversal for Trump, who as recently as Saturday had voiced his support for another stimulus package. Treasury Secretary Steve Mnuchin and Speaker of the House Nancy Pelosi (D–Calif.) have spent the past few weeks negotiating the specifics of the proposed package, which follows more than $3.7 trillion in emergency spending approved since March.
In a series of tweets on Tuesday afternoon, Trump said he was asking his negotiators to stand down. Removing the stimulus bill from Congress’ preelection agenda will clear the deck for the Senate to focus on confirming Amy Coney Barrett to the Supreme Court, something Trump urged Senate Majority Leader Mitch McConnell (R–Ky.) to do.
Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their…
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