Trump halts COVID relief talks after election call
President Trump abruptly ends negotiations with Democrats on another relief package delaying action until after the election. He blames Pelosi, says he will push a major stimulus after a presumed win, while facing a COVID exposure and lagging polls. Pelosi criticizes the stance as unwilling to provide real help to the unemployed and needy.
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Powell warns lack of stimulus imperils economic rebound
Federal Reserve Chair Jerome Powell warned that the recovery could stall without new government aid even as President Trump halted talks with Democrats over a new package. He noted unemployment insurance, direct payments, and small business support have helped avoid a downward spiral, but risks persist.
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Wall Street slips after Trump halts stimulus talks
U S stocks fell as President Trump paused negotiations with Democrats on a coronavirus stimulus bill until after the election. The S&P 500 dropped 1.4 percent, Dow fell 375.88 points, and Nasdaq slid 1.6 percent, erasing earlier gains as investors reassess the outlook for aid next year.
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