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Trump Allies Stumped by Unilateral Move to Scrap Stimulus Talks

  • President said he would pass virus relief after re-election
  • Move deflects blame for economic pain away from Democrats
Bloomberg business news
Trump announced on Twitter that he’s putting stimulus negotiations on hold until after the election.(Source: Bloomberg)
Updated on

President Donald Trump stunned campaign advisers and allies in Congress by single-handedly torpedoing any chance of a fresh coronavirus stimulus, saddling himself with the blame for any more layoffs and market losses in the final weeks before the election.

With the president already trailing badly in polls as he recovers from Covid-19, his decision to publicly scuttle talks toward a bill in excess of $1 trillion puzzled allies, who had accused House Speaker Nancy Pelosi and Democrats for overreaching in negotiations.