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(2) Mnuchin and Pelosi clash as coronavirus relief talks falter

30 Octobre, 2020, 11:29 | Auteur: Yves Courtet
  • Donald Trump

The greenback has made some 1.5% in gains this week as a forthcoming deal remains elusive ahead of what could be a contested U.S. election. It may be bipartisan, it may not have to be.

The latest sticking point was the testing and tracing program with Pelosi balking after she said the White House gutting Democratis proposals.

"We'll always talk about it because our people should get it, the stimulus, but Nancy Pelosi is only interested in bailing out badly run, crime-ridden Democrat cities and states", Trump said.

Pelosi also pushed President Donald Trump's administration for a response on the national coronavirus testing strategy-an issue that fell in the spotlight last week as the two sides of the aisle couldn't reach an agreement on specific language related to the provision.

Pelosi has also refused to budge on her demands in talks about Covid-19 relief with the Trump administration, apparently as convinced that Trump needs it more than the Democrats as she is of Biden's triumph next week.

"In other words", Politico's Anna Palmer and Jake Sherman noted, "Pelosi is suggesting Mnuchin and the administration owe her answers on almost every contentious issue in the Covid relief package".

With both letters released, it was clear that the two sides remain divided on a number of issues and hopes for a fresh stimulus deal continue to fade, noted CNN.

Pelosi's letter to Mnuchin comes as markets are reeling from a coronavirus surge across the country and Washington's failure to agree on another virus relief package.

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"Meanwhile, as the coronavirus surges and the stock market plummets, we are still awaiting the Trump administration's promised responses on multiple items of critical importance", she wrote. "The President's words that "after the election, we will get the best stimulus package you have ever seen" only have meaning if he can get Mitch McConnell to take his hand off the pause button and get Senate Republican Chairmen moving toward agreement with their House counterparts".

Mnuchin shot back that Pelosi's letter was a "political stunt" for the media's benefit. "I woke up this morning and read your letter to me in the press". He accused Pelosi of refusing to compromise in other areas and hindering relief efforts by refusing to accept piecemeal legislation. "Your ALL OR NONE approach is hurting hard-working Americans who need help NOW".

"The American people are suffering, and they want us to come to an agreement to save lives, livelihoods and the life of our American Democracy as soon as possible", Pelosi said in the letter.

Chances of a "lame duck" deal? He spoke as Congress adjourned for its October recess until after the election.

I want a bill for two reasons. They need real help. And second of all, we have plenty of work to do in a Joe Biden administration.so we want to have as clean a slate as possible going into January.

Trump and House of Representatives Speaker Nancy Pelosi have traded blame for the impasse over another large stimulus package worth around US$2 trillion to help Americans weather the pandemic.

"A delayed (or no) deal means that the labor market recovery will stall and that unemployed workers, firms in the industries most affected by the public health crisis. and state and local governments will face unnecessary financial dire straits", Stan Veuger, a resident scholar in economic policy studies at the American Enterprise Institute (AEI), said.

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