After talks were deadlocked for months, U.S. House Speaker Nancy Pelosi said on Tuesday she was “hopeful” that a new coronavirus stimulus deal could be reached with the White House this week.
Her comments come after speaking with Treasury Secretary Steven Mnuchin for about 50 minutes and making plans for further talks on Wednesday.
House Democrats on Monday unveiled a $2.2 trillion dollar measure, scaling back their previous demands.
But White House economic adviser Larry Kudlow made clear in an interview with CNBC that the White House still views the $2.2 trillion dollar figure as too high.
White House Chief of Staff Mark Meadows who has previously said that President Donald Trump would be willing to sign a $1.3 trillion dollar measure told reporters on Tuesday that he was in touch with Mnuchin and Trump on the matter and hoped progress would be made.
Lawmakers are under intense pressure as millions of Americans remain unemployed, small businesses are suffering and the emergency lifeline that protected airline jobs is set expire this Thursday, with tens of thousands of jobs hanging in the balance.
The House bill unveiled this week would provide $28 billion dollars for the aviation sector, another $120 billion dollars to restaurants as well as more stimulus checks for Americans, and an extension of special unemployment benefits.
U.S. House Speaker Nancy Pelosi on Thursday said negotiators were making progress in talks with the Trump administration for another round of COVID-19 stimulus, but Senate Republicans remained skeptical of a possible deal costing trillions of dollars.
U.S. President Donald Trump's bank account in China raises serious national security concerns, U.S. House of Representatives Speaker Nancy Pelosi said on Wednesday, following a New York Times report revealing the previously undisclosed account. Gavino Garay reports.
[NFA] In the final sprint to Election Day, President Donald Trump doubled down on his attempt to win over the senior vote in Florida on Friday, while Democratic nominee Joe Biden vowed to kill the virus but not the economy in Delaware. Gavino Garay reports.
[NFA] The COVID-19 death toll could reach a half million in the United States by February unless nearly all Americans wear face masks, researchers with the University of Washington's Institute for Health Metrics and Evaluation said on Friday, a day after the number of new infections reported across the country approached a record high. This report produced by Jillian Kitchener.
The top elected Democratic official said time to seal a massive coronavirus stimulus package before the U.S. election was running out, but she held out hope of reaching an agreement with the White House. This report produced by Zachary Goelman.
The highest-ranking Democratic lawmaker on Sunday said that despite differences with the Republican White House, she thought it possible to reach agreement on a large rescue package before Election Day. This report produced by Zachary Goelman.
White House Chief of Staff Mark Meadows on Monday refused to speak to reporters after he was asked to keep his mask on, as the risk of COVID-19 hung over Monday's opening of Amy Coney Barrett's U.S. Supreme Court confirmation hearings.
The Trump administration on Sunday asked U.S. lawmakers to approve legislation using leftover funds from the last pandemic stimulus package toward new economic recovery efforts as negotiations on a larger rescue bill face resistance. This report produced by Zachary Goelman.
[NFA] U.S. House of Representatives Speaker Nancy Pelosi on Thursday said legislation to help airline companies survive the fallout could only move through Congress with guarantees that lawmakers will work on a more comprehensive aid bill to help the unemployed, small businesses and revenue-depleted state and local governments. Conway G. Gittens reports.
President Donald Trump voted in his adopted home of Florida before hitting the campaign trail for rallies in three swing states on Saturday, joining more than 54 million Americans who have cast early ballots at a record-setting pace ahead of the Nov. 3 election.
[NFA] White House Press Secretary Kayleigh McEnany is the latest White House staffer to test positive for the coronavirus, following an outbreak that has also infected the president, the first lady, multiple aides and three Republican senators. This report produced by Jonah Green.
First lady Melania Trump offered sympathy for victims of the coronavirus pandemic and a plea for racial understanding in a Republican convention speech on Tuesday aimed directly at the women voters who have abandoned U.S. President Donald Trump.
On Tuesday, JPMorgan's Grace Peters told CNBC's "Squawk Box Europe" the S&P 500 could hit 3,750 by September 2021. Business Insider reports that would represent a 12% premium over Tuesday's closing price of 3,335.47. On the outlook for US stocks, she said, "We can see around a 10% upside over a 12-month view." Peters said investors should look at areas that have seen "structural growth" like construction, healthcare, and digital-transformation.
On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down." According to Business Insider Schumacher thinks investors will flock to US Treasuries due to greater volatility. The US-10 year yield may fall to 0.40% from around 0.68%.
In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets. Now, Business Insider reports Greenspan has spoken about his sense of economic foreboding once more. Greenspan told CNBC on Thursday that inflation, the coronavirus, and budget deficits are the critical issues the US is facing right now.
Credit: Wochit News Duration: 00:45Published
Tweets about this
Jonathan#PulteHelpsPeople I admire what your doing here, my wife and I are expecting our third child. hours have been cut b… https://t.co/gFSerOBVEG 2 days ago
Texoma's Homepage House Speaker Nancy Pelosi on Saturday dismissed the latest White House offer in COVID-19 aid talks as “one step fo… https://t.co/HDHuLcuLFp 1 week ago
👻Spookie White Rabbit🎃 RT @DeItaone: *Pelosi: We Remain at an Impasse in Covid Aid Talks
*Pelosi: White House Proposal 'Wholly Insufficient' on Testing and Traci… 1 week ago
BRProud House Speaker Nancy Pelosi on Saturday dismissed the latest White House offer in COVID-19 aid talks as “one step fo… https://t.co/7mlNJcTw9J 1 week ago
abc27 News House Speaker Nancy Pelosi on Saturday dismissed the latest White House offer in COVID-19 aid talks as “one step fo… https://t.co/xUbeh8efbN 1 week ago