DiscussMormonism.com

President Donald Trump has ordered his negotiators to halt talks over a new stimulus package, after the two sides have struggled for months to reach a deal, a stunning move that puts an end to last-ditch efforts for a major economic relief package as millions are reeling from the coronavirus crisis.

"I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business," Trump wrote in a series of tweets Tuesday afternoon.
Trump's message stunned lawmakers -- especially since Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi had been trading proposals and negotiating for days in the hopes of narrowing their differences, though they were still far apart in their talks.

The decision to pull the plug on the talks is a major blow to Americans still struggling with the fallout from the once-in-a century pandemic and endangers an economic recovery that for months was driven by the initial $2.2 trillion stimulus passed by Congress in the spring. With that money largely spent and gone, economists have warned more support is imperative in the months ahead.

Trump weighed in shortly after a private conference call with Senate Majority Leader Mitch McConnell, House GOP Leader Kevin McCarthy and Mnuchin, who was scheduled to speak later Tuesday afternoon with Pelosi.

The President's tweet may have come as a surprise to some top Republicans as well as Democrats.

On Trump call with GOP leaders, the President signaled he wanted a deal and didn't say he was going to pull the plug on the talks, according to a source familiar with the call.

Republicans were critical of Pelosi, arguing she was moving the goalposts and noted there were plenty of obstacles to get a deal. But the expectation after that call was that talks would continue.

ajax18 wrote: ↑

Wed Oct 07, 2020 12:10 am

I don't want a deal if this is used as a way ro get more long term permanent socialism. In fact I don't want anymore inflated money handouts because they're worthless. We need to get back to work. If you're at risk and fear death more than poverty then stay home.

ajax18 wrote: ↑

Wed Oct 07, 2020 12:10 am

I don't want a deal if this is used as a way ro get more long term permanent socialism. In fact I don't want anymore inflated money handouts because they're worthless. We need to get back to work. If you're at risk and fear death more than poverty then stay home.

MeDotOrg wrote: ↑

Tue Oct 06, 2020 8:21 pm

From CNN:

President Donald Trump has ordered his negotiators to halt talks over a new stimulus package, after the two sides have struggled for months to reach a deal, a stunning move that puts an end to last-ditch efforts for a major economic relief package as millions are reeling from the coronavirus crisis.

"I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business," Trump wrote in a series of tweets Tuesday afternoon.
Trump's message stunned lawmakers -- especially since Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi had been trading proposals and negotiating for days in the hopes of narrowing their differences, though they were still far apart in their talks.

The decision to pull the plug on the talks is a major blow to Americans still struggling with the fallout from the once-in-a century pandemic and endangers an economic recovery that for months was driven by the initial $2.2 trillion stimulus passed by Congress in the spring. With that money largely spent and gone, economists have warned more support is imperative in the months ahead.

Trump weighed in shortly after a private conference call with Senate Majority Leader Mitch McConnell, House GOP Leader Kevin McCarthy and Mnuchin, who was scheduled to speak later Tuesday afternoon with Pelosi.

The President's tweet may have come as a surprise to some top Republicans as well as Democrats.

On Trump call with GOP leaders, the President signaled he wanted a deal and didn't say he was going to pull the plug on the talks, according to a source familiar with the call.

Republicans were critical of Pelosi, arguing she was moving the goalposts and noted there were plenty of obstacles to get a deal. But the expectation after that call was that talks would continue.

Cui bono?

Evidently not the market. down 375.

We'll make sure, then, that you get NOTHING no matter what.