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President Donald Trump of the United States ordered the White House administration to halt talks on a new round of stimulus with Democrats. Until after presidential election day on November 3.
“I have directed my administration to hold talks until after Election Day. That when I won the elections we will pass a bill to stimulate the economy. That is focused on helping working Americans AND small businesses, ”President Trump tweeted on Tuesday, US time.
The decision was made just hours after Federal Reserve Chairman Jerome Powell urged Congress to speed up the stimulus measures. This is because the United States still needs to take monetary and fiscal measures to stimulate the recovery of the economy. Otherwise, it will affect the business and domestic sectors.
Powell also said that while progress has been made in job creation and consumption, policymakers still need to move forward to stimulate the economy. Otherwise, it will result in a weak recovery. And impact on the business and domestic sectors
President Trump’s decision also came at a time when the Speaker of the United States House of Representatives, Nancy Pelosi, and the United States Secretary of the Treasury, Steven Mnuchin. Try to keep negotiating a new round of stimulus measures to cure people and businesses affected by the coronavirus outbreak Democrats are offering $ 2.2 trillion. While the White House administration offered a limit of $ 1.6 trillion
