Trump halts COVID-19 relief talks

CNC
Added On October 7, 2020

U.S. President Donald Trump tweeted on Tuesday that his administration will withdraw from COVID-19 relief talks with Democrats until after the presidential election in November.

 
Trump said that House Speaker Nancy Pelosi is not negotiating in good faith. He said that Pelosi is asking for 2.4 trillion U.S. dollars to be used in ways unrelated to COVID-19.
 
In a statement responding to Trump's tweets, Pelosi said "walking away from coronavirus talks demonstrates that President Trump is unwilling to crush the virus."
 
U.S. Treasury Secretary Steven Mnuchin and Pelosi have resumed negotiations over the relief package in recent days, but the talks have so far yielded no deal, with significant differences in key areas such as aid to state and local governments.
 
Trump's decision unnerved investors who hoped lawmakers would strike a deal soon.
 
Wall Street's major averages finished lower on Tuesday. The Dow Jones Industrial Average fell 1.34 percent. The S&P 500 decreased 1.40 percent, while the Nasdaq slid 1.57 percent.