US House Speaker Pelosi, after talks with White House chief of staff Meadows, says White House continues to disregard the needs of the American people on coronavirus relief.
- Pelosi says Democrats are willing “to meet in the middle” with a $2.2 trillion bill.
- Pelosi says Democrats are willing to resume negotiations once republicans start to take this process seriously.
Democrats wanted a relief package that cost more than $3 trillion. The White House wants a relief bill that closer to $1 trillion and baulked at the Democrats’ offer of a $2 trillion bill prior to the impasse.
To make matters even more complicated, Senate Republicans want an even smaller bill and recently proposed a “skinny” version that would cost just $500 billion.
The road appears long for an agreement and that is undermining the US economic recovery which could eventually start to be reflected in higher-end US stocks and weigh on risk sentiment.