Tag: Chaotic

Second stimulus checks: Where we stand after a chaotic week in Washington | WGN Radio 720

WASHINGTON (NEXSTAR) — The first piece of business President Donald Trump tweeted about following his hospitalization for coronavirus was stimulus relief for Americans. The message from Trump underscores the political importance of reaching a bipartisan deal and delivering a new round of direct payments to most Americans.

“Our great USA wants and needs stimulus,” tweeted Trump. “Work together and get it done.”

That’s exactly what House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have tried to do over the last week. The pair had regular meetings that lasted more than an hour, in some cases.

On Sunday morning, Pelosi told CBS’ Face the Nation that she and Mnuchin are “making progress.”

The good news: Negotiators are closer to a deal than they’ve been on months.

The bad news: They’re still a long way off.

In addition to

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‘I Have No Space in My Life for That.’ Business Leaders React to a Chaotic Debate: Live Updates

Here’s what you need to know:

Credit…Ruth Fremson/The New York Times

Business leaders reacted to the tumultuous presidential debate on Tuesday night between President Trump and former Vice President Joseph R. Biden Jr., as concerns mounted that a chaotic race to the November elections would add further turmoil to the markets.

Companies big and small have been on a roller coaster as coronavirus cases in the United States have continued to rise, and policymakers in Washington have inspired little confidence that they are ready to pass additional pandemic relief. After reaching a record high this month, the S&P 500 — an indicator of investor and business sentiment — appears poised to close September with a loss, its first monthly fall since March.

The first presidential debate has only added to the risks facing business.

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