MarkMeadows
The ongoing negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were seen as the last hope of a coronavirus stimulus package before the election. However, the two sides now are accusing each other of moving the goalposts in the negotiations, suggesting there would be no coronavirus stimulus package and checks before the election.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Pelosi, Meadows accuse each otherOn Sunday, Pelosi and White House chief of staff Mark Meadows traded accusations over the failure to reach a consensus on the...
ValueWalk
With just a week left until the presidential election, almost everyone has given up on the stimulus package. House Speaker Nancy Pelosi, however, is still hopeful of striking a deal on the coronavirus stimulus package and checks before the November election.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Nancy optimistic, but has complaintsPelosi and Treasury Secretary Steve Mnuchin have been negotiating the stimulus package for the past few weeks. They were expected to reach an agreement last week, but the two failed to reach a consensus.Previously, Pelosi said la...
ValueWalk
Uncertainty over the next relief package continues to grow with each passing day. One day it appears that both Republicans and Democrats will reach a deal, the next day, the two sides go back to square one with each blaming the other for no deal. This week has been no different. After discouraging reports Tuesday that Democrats have rejected the $1.5 trillion package proposed by a bipartisan House group, President Donald Trump and White House chief of staff Mark Meadows reignited hopes on Wednesday of another round of coronavirus stimulus checks.Q2 2020 hedge fund letters, conferences and more...
ValueWalk
The second coronavirus stimulus package should have come by now, but it hasn’t. Democrats and Republicans have been unable to reach a consensus on several provisions. The one biggest roadblock that is stopping the next coronavirus relief package is the aid to state and local governments.Q2 2020 hedge fund letters, conferences and moreAid to state and local governments: what do the two sides want?According to Mark Meadows, White House chief of staff, the biggest obstacle to the relief deal is the differences between the two sides over aid to state and local governments. The chief of staff says ...
ValueWalk
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