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Stimulus Impasse Risks Dragging to September, Imperiling Economy

  • White House, Democrats harden positions on virus aid
  • Oct. 1 shutdown deadline could be ultimate trigger for deal
Bloomberg business news
Trump Reset Stimulus Talks With Executive Orders Says Boltansky
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With no talks scheduled on a virus-relief package seen as vital by Federal Reserve officials and market participants alike, the stalemate between Republicans and Democrats risks dragging on for weeks.

The four main principals -- Treasury Secretary Steven Mnuchin, White House Chief of Staff Mark Meadows, Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer -- haven’t talked since Friday. And Senate Majority Leader Mitch McConnell and Schumer continued to exchange rhetorical broadsides on the Senate floor Tuesday, without new ideas for a compromise.