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October 06, 2020 at 04:43 PM
Photo: Stefani Reynolds/CNP/Bloomberg
President Donald Trump said via Twitter Tuesday afternoon that he has instructed his “representatives to stop negotiating” on a new stimulus package until after the election.
Trump continued in his tweet: “…immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”
Trump tweeted that has asked Senate Majority Leader Mitch McConnell, R-Ky., to focus full time on approving his “outstanding nominee,” Amy Coney Barrett, to the U.S. Supreme Court.
McConnell has suspended Senate floor proceedings until Oct. 19, but confirmation hearings for Barrett’s nomination will convene on Oct. 12.
Trump’s tweets come just after Federal Reserve Chairman Jerome Powell warned Tuesday that more policy intervention was needed by monetary and fiscal authorities.
House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin resumed their phone talks over a stimulus package on Tuesday.
Said Trump in his tweet: “Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. 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 looking to the future of our Country.”
Democrats’ Response
Pelosi said in a statement after Trump’s tweet that “clearly, the White House is in complete disarray. Sadly, they are rejecting the urgent warnings of Fed Chairman Powell today, that ‘Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses.”
