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Trump Halts Stimulus Talks, Spurning Powell and Roiling Markets

  • Democratic-led House last week passed $2.2 trillion bill
  • Two sides have been negotiating for months on a compromise
Bloomberg business news
Trump Halts Stimulus Talks Until After Election
Updated on

President Donald Trump ended talks with Democratic leaders on a new stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to avoid damaging the economic recovery.

“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 said Tuesday in a tweet.