President Donald Trump tweeted Tuesday that he's directed Republicans to end until after the Nov. 3 presidential election. Trump, who is undergoing last week, said he's rejecting House Speaker Nancy Pelosi's request for economic aid.and not resume them
The Democratic-led House passed a second stimulus package for $2.2 trillion on Thursday. Meanwhile, Pelosi and Treasury Secretary Steven Mnuchin had been in talks to try to reach an agreement on aid. The president claimed the Democrats' requested money would be used to "bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19." The House's economic relief bill includes, among other things, a second stimulus check and enhanced unemployment benefits for people across the US. (Here areand what that means.)
Trump added that he's instead asked Senate Majority Leader Mitch McConnell to "focus full time" on getting his nominee to the US Supreme Court, Amy Coney Barrett, approved.
Although Trump's posts said that the stock market is at "record levels," the Dow dropped almost 400 points following his announcement that he directed stimulus talks to end.
The president's announcement comes despite a pro-stimulus tweet from three days ago while he was hospitalized at Walter Reed National Military Medical Center. "Our great USA wants and needs stimulus. Work together and get it done. Thank you!"
The first stimulus payment sent out in March was for . But should a get approved, that check could be larger or smaller, depending on whether your or if the for .