stimulus

Government, Business

Pelosi Says No Action on Airline Aid Without Bigger Stimulus

Treasury Secretary Steven Mnuchin reportedly discussed a broader stimulus bill with Pelosi on Oct. 7. Treasury Secretary Steven Mnuchin reportedly discussed a broader stimulus bill with Nancy Pelosi on Oct. 7, despite Trump saying he would halt negotiations Oct. 6. (Manuel Balce Ceneta/Associated Press)

House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.

October 8, 2020
Government, Business, Fuel

Oil Drops With Rising US Supplies Adding to Stimulus Concern

A pump jack operates in Kansas on Sept. 25. A pump jack operates in Kansas on Sept. 25. (Angus Mordant/Bloomberg News)

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

Andres Guerra Luz | Bloomberg News
October 7, 2020
Government, Business

Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi talked Oct. 7 about airline aid. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi talked Oct. 7 about a targeted airline relief bill. (Andrew Harrer/Bloomberg News)

Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.

October 7, 2020
Government, Business

Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations

President Trump walks out of Walter Reed National Military Medical Center on Oct. 5. President Trump walks out of Walter Reed National Military Medical Center in Bethesda, Md., on Oct. 5, after being treated for COVID-19. (Evan Vucci/Associated Press)

President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.

October 6, 2020
Government, Business

Powell Again Warns of Weak US Recovery Without Enough Aid

Federal Reserve Chairman Jerome Powell speaks during a virtual news conference on Sept. 16. Federal Reserve Chairman Jerome Powell speaks during a virtual news conference on Sept. 16. (Daniel Acker/Bloomberg News)

Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.

Matthew Boesler | Bloomberg News
October 6, 2020
Government, Business

Stimulus Talks Grind On; No Deal Yet Despite Trump Urging

The U.S. Capitol at dawn in Washington on Oct. 5. The U.S. Capitol at dawn in Washington on Oct. 5. (Stefani Reynolds/Bloomberg News)

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin engaged in another round of stimulus talks Oct. 5 with no sign they are close to deal, despite the urging of President Donald Trump to get it done.

October 5, 2020
Government, Business

Pelosi Optimistic on Relief, Says Trump’s Illness Alters Dynamic

Nancy Pelosi speaks during a news conference on Capitol Hill on Oct. 1. House Speaker Nancy Pelosi speaks during a news conference on Capitol Hill on Oct. 1. Pelosi said Oct. 2 that she remained hopeful of stimulus progress. (Jacquelyn Martin/Associated Press)

House Speaker Nancy Pelosi said negotiations on a new stimulus with the White House will press ahead and President Donald Trump’s COVID-19 diagnosis might change the tenor of the talks by emphasizing the seriousness of the pandemic.

Billy House | Bloomberg News
October 2, 2020
Government, Business

Pelosi, Mnuchin Still Far Apart on Virus Stimulus Deal

Nancy Pelosi told top Democrats Oct. 1 that she's skeptical of getting a deal for a new stimulus bill. Nancy Pelosi told top Democrats Oct. 1 that she's skeptical of getting a deal for a new stimulus bill. (Stefani Reynolds/Bloomberg News)

U.S. House Speaker Nancy Pelosi told top Democrats Oct. 1 that she’s skeptical of getting a deal for a new economic stimulus in negotiations with Treasury Secretary Steven Mnuchin, according to two House Democratic officials.

October 1, 2020
Government, Business

American, United to Lay Off 32,000 as Aid Talks Drag On

Workers load bags onto an American Airlines flight at DFW Airport on Sept. 28. Workers load bags onto an American Airlines flight at Dallas/Fort Worth International Airport on Sept. 28. (Angus Mordant/Bloomberg News)

American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers.

October 1, 2020
Government, Business

Mnuchin Says There Is Still No Agreement on Fiscal Stimulus

Treasury Secretary Steven Mnuchin arrives to meet with House Speaker Nancy Pelosi on Sept. 30. Treasury Secretary Steven Mnuchin arrives to meet with House Speaker Nancy Pelosi on Sept. 30. (Oliver Contreras/Bloomberg News)

U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.

September 30, 2020

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