LIVE: Pelosi Holds Weekly News Conference as Pre-Election Stimulus Hopes Fade

Date: 2020-10-29 15:47:46

×

(Oct. 29) Watch live as U.S. House Speaker Nancy Pelosi holds a news conference on Capitol Hill on Thursday, October 29, 2020, in Washington, D.C.

Pelosi told Treasury Secretary Steven Mnuchin in a letter Thursday that she’s still awaiting the administration’s response on a raft of outstanding issues blocking a deal on a fiscal-stimulus package.

In a letter Thursday posted on her official website, Pelosi listed seven major areas of disagreement: a national virus testing-and-tracing program; funding for state and local governments; school safety measures; child-care funding; tax credits for working families; unemployment insurance; and workplace protections and liability issues.

“Your responses are critical for our negotiations to continue,” Pelosi wrote. She and Mnuchin last spoke Monday, when they were unable to resolve what’s become a three-month impasse over a Covid-19 relief plan.

President Donald Trump has blamed Pelosi for the stalemate, charging her with pressing for a bailout of poorly run Democratic states and cities.

Pelosi said Wednesday she hoped the selloff in U.S. stocks would prompt Trump to agree to Democratic demands, something she alluded to in Thursday’s letter.

“As the coronavirus surges and the stock market plummets, we are still awaiting the Trump Administration’s promised responses on multiple items of critical importance,” she said.

Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm

QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at quicktakenews@gmail.com

QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.