Democratic Presidential Candidate Joe Biden has remained “silent” on pandemic aid, Greg Valliere, chief U.S. policy strategist for AGF Investments, said in his Monday morning email briefing. “The country’s crucial economic issue is that more stimulus is needed; the Federal Reserve is urging more spending, and Trump is, too.”
However, House Speaker Nancy Pelosi, D-Calif., “has dug in her heels, refusing to consider half a loaf, to the dismay of many Democrats in Congress.”
Many small businesses, Valliere said, “can’t hang on much longer, evictions are increasing, and bankruptcies loom, yet Biden — who boasts that he can reach compromises with Congress — has not intervened.”
Treasury Secretary Steven Mnuchin said Monday morning that the Trump administration and congressional democrats have agreed to a “clean” continuing resolution to fund the government and that he hoped the details on the CR can be finalized this week.
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However, agreement on the next stimulus package remains elusive.