Coronavirus Update: Where We Stand With Stimulus
According to Johns Hopkins, There are over 35.9 million cases of the virus worldwide, with over one million deaths.
The U.S. has surpassed 7.5 million cases with 211,000 deaths.
On Tuesday, about an hour before the end of the trading day, President Donald Trump announced that he had instructed his representatives to cease negotiations on a stimulus deal until after the November election.
The President tweeted that House Speaker Nancy Pelosi is not acting in good faith. "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 request and am looking to the future of our country," Trump said.
Trump continued that he will push forward a "major Stimulus Bill that focuses on hardworking Americans and Small Business" following the results of the election.
Late Tuesday night, Trump implied that he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program.
He tweeted, “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?”
House Speaker Nancy Pelosi said she was open to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on Wednesday.
You can follow Katherine Ross on Twitter at @byKatherineRoss.
Read more from Katherine Ross here.
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