1.8 trillion dollars. This is the latest offer that the White House has put on the table in the negotiations for the new fiscal aid. It is the highest figure to date, the previous Republican proposal was around 1.6 billion.
Democrats and Republicans They have been negotiating for weeks what will be the amount to be allocated to curb the economic effects of Covid-19. Negotiations that are not being easy at all. So much so that Donald Trump even threatened to break them after the Republicans approved the allocation of 2.2 billion, a figure that the Republicans were not willing to ratify in Congress.
This afternoon Nancy Pelosi, Speaker of the House of Representatives, and Steven Mnuchin, Secretary of the Treasury, are scheduled to continue negotiations. A meeting that will occur after Trump has approved a "revised" package of 1.8 billion.
That both have approached positions does not mean that the aid package is closer than ever, in fact, experts see it difficult to get it approved before the elections. Senate Majority Leader Mitch McConnell explained Friday that it is "unlikely in the next three weeks."
Donald Trump himself has been optimistic about the negotiations and has assured through his Twitter account, the president's favorite media outlet, that "they are moving forward".
Covid Relief Negotiations are moving along. Go Big!
– Donald J. Trump (@realDonaldTrump) October 9, 2020
The news has been well received in the markets. In fact, the main New York indices have reacted by extending the rises and are trading at the highs of the day. The rises in the Nasdaq exceed 1% while in the S&P 500 they are very close
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