Pelosi faces backlash after rejecting Trump's $1.8T economic stimulus offer
House Speaker Nancy Pelosi is facing some pushback from fellow Democrats after sharply rejecting the White House's latest -- and most expensive -- $1.8 trillion coronavirus relief offer over the weekend.
House Speaker Nancy Pelosi is facing some pushback from fellow Democrats after sharply rejecting the White House's latest -- and most expensive -- $1.8 trillion coronavirus relief offer over the weekend.
"Nancy Pelosi take this deal!" Andrew Yang, a former Democratic presidential candidate, tweeted on Saturday. "Put politics aside people are hurting."
The Trump administration's proposal -- which came just a few days after the president abruptly called off negotiations before reversing course and pushing for a bipartisan agreement -- drew criticism from both Republicans and Democrats, dimming the odds of another round of emergency aid before the Nov. 3 election.
The Trump administration's proposal -- which came just a few days after the president abruptly called off negotiations before reversing course and pushing for a bipartisan agreement -- drew criticism from both Republicans and Democrats, dimming the odds of another round of emergency aid before the Nov. 3 election.
In a weekly letter to Democratic colleagues, Pelosi said the administration’s proposal lacked a “strategic plan to crush the virus” and gave President Trump too much power in determining how the funds were spent.
"This proposal amounted to one step forward, two steps back," Pelosi said in the letter.
The plan was expected to include a fresh round of $1,200 stimulus checks; expanded unemployment benefits at $400 per week and additional funding for state and local governments. CLICK HERE FOR MORE.
In other developments:
- Fed's Powell urges more federal stimulus to help economy recover from coronavirus pandemic
- Pelosi rejects stand-alone airline relief bill without bigger coronavirus aid deal
- Trump preparing new $1.8T coronavirus relief package, urges Congress to 'go big'
- Dollar lower as investors now believe US economic stimulus will be reached after Nov. 3 election
In other developments:
- Fed's Powell urges more federal stimulus to help economy recover from coronavirus pandemic
- Pelosi rejects stand-alone airline relief bill without bigger coronavirus aid deal
- Trump preparing new $1.8T coronavirus relief package, urges Congress to 'go big'
- Dollar lower as investors now believe US economic stimulus will be reached after Nov. 3 election
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