mnuchin
The last hope of a stimulus deal hinged on negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. Now Pelosi and Mnuchin have stopped negotiating on the coronavirus stimulus package and checks and started blaming each other for the lack of a deal.Coronavirus stimulus checks: Pelosi and Trump- Mnuchin play blame gameUntil Thursday, both Pelosi and Mnuchin were optimistic on reaching an agreement this week. However, the two started blaming each other on Friday for the impasse, saying a deal could be reached if the other side compromised.Pelosi told MSNBC on Friday...
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Stimulus talks have been ongoing for almost three months now. In the past three months, some have accused House Speaker Nancy Pelosi of blocking the deal. Now Rep. Rohit Khanna (D-Calif.) claims Senate Majority Leader Mitch McConnell is the one blocking a deal on the coronavirus stimulus package and checks.Was Pelosi blocking coronavirus stimulus checks?In May, House Democrats passed the HEROES Act, which cost over $3 trillion. After the negotiations started in late July, Pelosi reduced her demand to a package of about $2.2 trillion. In the meantime, the White House made a few counter offers, ...
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In an attempt to reach a bipartisan deal, the White House came up with a $1.6 trillion offer. This package was in response to Democrats’ $2.2 trillion HEROES Act 2.0. However, House Speaker Nancy Pelosi blasted this offer, which included coronavirus stimulus checks and other benefits, saying it isn’t even “half a loaf.”Q2 2020 hedge fund letters, conferences and morePelosi doesn’t find $1.6 trillion enoughPelosi and Treasury Secretary Steven Mnuchin have been in talks since Monday to strike a deal on the relief package. During the negotiations, the White House gave a counteroffer costing about...
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After Senate Republicans came up with the so-called skinny proposal earlier last month, doubts were raised over the possibility of the second round of stimulus checks. However, on Wednesday, Treasury Secretary Steve Mnuchin revealed that both Democrats and Republicans have agreed to include coronavirus stimulus checks in the next relief package.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks will be part of relief packageMnuchin did not reveal specific details for the next round of stimulus checks. However, he did tell Fox Business that the next round of direct paym...
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To give a push to the stalled relief package negotiations, the House Democrats, on Monday, came up with a new bill. Along with introducing the new proposal, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin also resumed negotiations on Monday. The new proposal, as well as resumption of negotiations, does raise hopes of another round of coronavirus stimulus checks pre-election.Q2 2020 hedge fund letters, conferences and moreDemocrats’ new bill: what does it include?On Monday, House Democrats introduced a new proposal for the coronavirus stimulus package costing $2.2 trillion. Tho...
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Republicans and Democrats started negotiations on the next relief package in late July. After about two weeks of negotiations, the two sides went on recess with no decision on the relief package. Since then the two sides haven’t resumed negotiations. Now, there are hints that the two sides could restart negotiations on the next coronavirus relief package and stimulus checks.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Mnuchin, Pelosi to resume talksOn Thursday at a Senate Banking Committee hearing, Treasury Secretary Steve Mnuchin informed that he had been speak...
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