Archives of “Republican Party (United States)” tag

rss

FT report “US stimulus delays as Republican talks fall into disarray”

  
  Analysis
#  #  #  #  #

The ongoing bickering and war of words in the Republican senate has delayed any action on further stimulus.

This earlier – they won’t even get a rough outline until next week let alone any action:
  • US Senate leader McConnell says will introduce ‘framework’ for recovery bill “early next week”

Financial Times have a report up on the delays, link is here (may be gated)

  • Mitch McConnell, the Republican Senate majority leader, had been expected to announce the party’s stimulus proposal on Thursday morning, only to reverse course later in the day and announce the plan would not come until next week.
Getting the stimulus done is in Republican interest, any support for the economy will be welcomed by Trump’s re-election campaign.
The ongoing bickering and war of words in the Republican senate has delayed any action on further stimulus.

GOP leaders said to meet at White House later today to discuss next coronavirus bill

  
  Analysis
#  #  #  #  #  #  #  #  #  #  #  #  #  #

FOX News reporter, Chad Pergram, reaffirms the earlier story

Senate majority leader, Mitch McConnell, and House GOP leader, Kevin McCarthy, will be headed to the White House later to discuss the next stimulus bill with Trump and Mnuchin. This adds to the story from earlier in the day here.

 

US
The end of the month is going to be an interesting time, as the US approaches a fiscal cliff with stimulus money set to run out in the coming weeks/months.
Amid a surge in virus cases and the likelihood of the economy facing more dire consequences – not to mention election uncertainty, it will be interesting to see if the market can hold up in the way that it has over the past few months. A neat summary by Bloomberg:
US virus
Go to top