SlateStone Wealth senior wealth strategist Kenny Polcari joined TheStreet to discuss what he expects to see from the vice presidential debate that takes place Wednesday night.
And one of the topics just may be stimulus after the back and forth that has sent the markets on a rollercoaster on Tuesday and Wednesday.
So, in case you missed it, President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program, a day after halting stimulus talks until after the presidential election.
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, Bloomberg reported, after Trump said Tuesday he would pull his negotiators from broader stimulus talks.
Trump’s announcement over Twitter followed the urging by Federal Reserve Chairman Jerome Powell for Congress to provide more fiscal support since a U.S. recovery would be weak without additional aid from the government.
Later Tuesday, however, the president tweeted that he would be willing to pass relief measures such as a new round of $1,200 stimulus checks.
In addition to the aid for airlines, Trump said Congress should approve $135 billion for the Paycheck Protection Program to help small businesses.
You can follow Katherine Ross on Twitter at @byKatherineRoss.
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