Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Pelosi Says Stimulus May Have to Include Airlines, Restaurants

Published 09/18/2020, 12:58 PM
Updated 09/18/2020, 01:45 PM
© Bloomberg. Nancy Pelosi Photographer: Sarah Silbilger/Bloomberg

(Bloomberg) -- House Speaker Nancy Pelosi said she’s willing to negotiate on some Democratic priorities for a stimulus to include aid for industries such as airlines and restaurants that are continuing to struggle amid the coronavirus pandemic.Pelosi said in a Bloomberg Television interview Friday that she’s not backing away from the $2.2. trillion package that she and Senate Democratic leader Chuck Schumer proposed before negotiations with the White House broke off last month.

But since the House passed its stimulus bill in May, “other issues have emerged” as the virus has continued to disrupt lives and businesses that need to be addressed in any new plan, Pelosi said.She didn’t give any specifics about how much aid should go to airlines and other businesses, like restaurants, or what other priorities might have to be dropped or scaled back.

Republicans have rejected the $2.2 trillion Democratic plan, but President Donald Trump has signaled that he could support a bigger stimulus package than the $1.1 trillion proposal his administration had previously backed.

”It will get done when they come to the table,” Pelosi said of Republicans. “The ball is in their court.”

Pelosi also said the standoff on the stimulus won’t interfere with passage of a stopgap funding bill to keep the government operating after the end of the fiscal year on Sept. 30. She said the House was getting ready to release legislation Friday, giving both chambers of Congress enough time to act before the deadline.

She said the two parties are still negotiating the duration of the stopgap funding, which is needed because work still isn’t completed on full funding legislation.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

©2020 Bloomberg L.P.

Latest comments

(except for Restaurants, of course.)
Have to keep those antiquated businesses alive until they can File.
The dragon queen blowing more smoke 🐲
just send the money to China. they will get it anyways
Stop with corporate socialism already. Who will be paying for trillions in bailout money??
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.