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Trump Halts COVID Stimulus Talks Until After Election

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variety.com
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Gene Maddaus Senior Media WriterPresident Trump called off negotiations on Tuesday for another COVID stimulus bill, saying that House Speaker Nancy Pelosi was not negotiating in good faith.The announcement caused the S&P 500 to drop by nearly 2%.

The Dow Jones Industrial average also lost about 1.9%, or about 500 points. The market had been up for the day just prior to the announcement.“Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” Trump said on Twitter. “We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith.

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