Trump suspended Covid-19 relief talks until the election

Trump suspended Covid-19 relief talks until the election

U.S. President Donald Trump has said he has instructed aides to end the talks until the election of the Covid-19 disaster.

President Trump tweeted that Speaker Nancy Pelosi “does not negotiate in good faith.” He added that he had asked Senate Majority Leader Mitch McConnell to confirm his focus before the election on U.S. Supreme Court nominee Amy Connie Barrett.

“As soon as I win, I have instructed my delegates to suspend negotiations until the election is over, which will pass a major stimulus bill focusing on hard-working Americans and small businesses,” President Trump tweeted.

Last week, the White House announced its support for $ 400 a week of pandemic unemployment benefits and the potential for a $ 1.6 billion Covid-19 relief bill.

But Miss Pelosi turned down the offer.

President Trump ended talks on Tuesday after Federal Reserve Chairman Jerome Powell warned that the economic recovery for the corona virus pandemic would be weak for seven months without further economic stimulus.

Shares on Wall Street plummeted after President Trump ordered a halt to talks.

The Dow Jones Industrial Average moved instantly from a gain of 200 points to a loss of 300 points.

In a statement to the National Association for Business Economics, Powell said that too little support would “lead to a weak recovery, creating unnecessary hardship for employees and businesses.”

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