• Trump calls on Congress in late night tweetstorm to approve $1,200 direct payments and small business aid only hours after cutting off stimulus negotiations

    20 days ago - By Business Insider

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    President Donald Trump appeared to change course and called on Congress to pass standalone stimulus bills - hours after ending coronavirus aid negotiations with Democrats.
    He urged lawmakers to approve measures for $1,200 stimulus checks, small business aid, and direct assistance to airlines to prevent layoffs.
    He said he would immediately sign those bills, but House Speaker Nancy Pelosi and top Democrats previously rejected Republican attempts to pass standalone bills.
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  • 'This is incredibly cruel:' Experts say Trump's move to end stimulus negotiations could hurt millions of Americans on unemployment and set back the economy

    20 days ago - By Business Insider

    REUTERS/Joshua Roberts
    Trump abruptly ended stimulus negotiations on Tuesday, all but delaying more federal coronavirus aid until next month.
    "It'll mean more people dropping into poverty and people making terrible choices between rent, medicine, and food on the table," Heidi Shierholz, senior economist at the Economic Policy Institute, told Business Insider.
    The nation's economic recovery is already wobbly and could backtrack in the coming weeks, another expert said.
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    President Donald Trump abruptly pulled the plug on negotiations for...
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