U.S. Stimulus Talks in Limbo After Vote on Democrat-Only Plan

(Bloomberg) — U.S. stimulus talks remain on life support after the House passed a Democrat-only $2.2 trillion package that did nothing to bridge the gap with Republicans.

The 214-207 vote, which garnered no GOP support, followed the most concerted talks between the top negotiators since early August. House Speaker Nancy Pelosi told reporters Thursday evening that she would review documents that Treasury Secretary Steven Mnuchin had sent her to determine where to go next.

And President Donald Trump’s stunning announcement early Friday that he and First Lady Melania Trump had tested positive for Covid-19 is certain to generate even more uncertainty.

Pelosi and Mnuchin held multiple phone calls Thursday after meeting in person at the Capitol on Wednesday, amid rising pressure from a wave of job-cut announcements by large companies. “We are going back and forth with our paper,” Pelosi said Thursday, underscoring the importance of the language used

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