• By The Financial District

TRUMP SCRAPS COVID RELIEF TALKS UNTIL AFTER NOV. 3 ELECTION

President Donald Trump called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after the election despite ominous warnings from his own Federal Reserve chairman about the deteriorating conditions in the economy, Andrew Taylor and Ahmed Madhani reported for the Associated Press (AP).

Trump tweeted that House Speaker Nancy Pelosi was “not negotiating in good faith” and said he’s asked Senate Majority Leader Mitch McConnell to direct all his focus before the election into confirming his US Supreme Court nominee, Amy Coney Barrett. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump tweeted.


The collapse means that Trump and down-ballot Republicans will face reelection without delivering aid to voters — such as the $1,200 direct payments, or “Trump checks,” to most individuals — even as the national jobless rate is about 8% with millions facing the threat of eviction. One endangered Republican, Maine Sen. Susan Collins, said “waiting until after the election to reach an agreement on the next COVID-19 relief package is a huge mistake.”


Former Vice President Joe Biden slammed Trump’s move. “Make no mistake: if you are out of work, if your business is closed, if your child’s school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that — none of it — matters to him,” Biden said in a statement released by his campaign.