Nancy Pelosi and Donald Trump are making opposite bets on the direction of the economy and who voters will blame if the plan fails.
another rescue plan is proposed for the U.S. economy. The gap between the two sides is at least $1 trillion. The epidemic continues to rage, forcing companies, schools and other organizations to postpone plans to reopen their businesses.
House Speaker Nancy Pelosi on Wednesday rejected Treasury Secretary Steven mnuchin’s “proposal” to restart a new round of stimulus negotiations, saying that the White House demanded a reduction in the size of the stimulus and refused to give in on the issue. Manuchin said it was Pelosi who refused to compromise.
one of the biggest sticking points is aid to state and local governments. People have proposed to cut the size of the original $3.5 trillion proposal by about a third, but insist on retaining nearly $1 trillion for governments outside Washington. The trump administration and congressional Republicans say they have provided enough help to state and local officials and provided $150 billion more than the original proposal of about $1 trillion.