Stimulus talks fail as Trump pulls out of negotiations. Back and forth stimulus talks fail after months of negotiations between democrats and republicans.
President Trump announced today that he was pushing the matter until after the 2020 presidential elections. Bitcoin and other mainstream markets dropped dramatically as a result.
“Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” Trump said in an Oct. 6 tweet thread.
“We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their request, and looking to the future of our Country.”
The president announced that further stimulus package talks would not occur prior to the election. He boldly foresees victory, saying “Immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,”
Following Trump’s tweets, the markets responded in kind, dropping noticeably with Bitcoin dropping $200 dollars before recovering slightly.
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