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Stocks Bounce Up After White House Says It’s Open To Stimulus After All
Pelosi has in recent weeks called on airlines to delay furloughs and layoffs, saying Congress is working on relief for the industry. She promised to pass a standalone measure to renew a lapsed payroll support program for airlines or include that provision in a broader bill.
Earlier this month, Transportation and Infrastructure Committee Chairman Peter DeFazio, D-Ore., tried to pass the provision by unanimous agreement, but was rejected on the procedural grounds that he did not have a signoff from GOP leaders.
Meadows told Fox News on Wednesday that Trump’s tweet came right after a call that Trump had with Senate Leader Mitch McConnell and House Republican Leader Kevin McCarthy, and Meadows. Meadows said that Trump felt it was «better to be transparent» with Americans on the «prognosis» for a comprehensive aid package.
Meadows offered a similar strategy in mid-September after a bipartisan group of House members, known as the Problem Solvers Caucus, attempted to bridge the gap between the White House and House leaders. At the time, House Speaker Nancy Pelosi, D-Calif., called it a «moral choice» and that a comprehensive bill was needed.
«We can’t — some people said, well we’ll do this bill and then we’ll do another bill,» Pelosi said in an September 16 interview on MSNBC. «You think the Administration is going to do another bill? All they want is to have the president’s name on a check going out, $300, and — and that’s all he — he really cares about.»
Conversations between Pelosi and Mnuchin were suspended Tuesday when Trump tweeted the end to the talks. Mnuchin and Pelosi were set to meet again later in the afternoon but the tweet upended those plans.
«Today, once again, President Trump showed his true colors: putting himself first at the expense of the country, with the full complicity of the GOP Members of Congress, Pelosi said in a statement Tuesday. «Clearly, the White House is in complete disarray.»
Meadows said Wednesday Pelosi had not been «negotiating in good faith» and had insisted on $2.2 trillion-$2.4 trillion in aid including «incredibly high numbers» for «bailouts in blue-run states» that were higher than needed. He said the White House had offered $1.6 trillion and was «willing to look at more» but said Pelosi «would rather spend zero.» He accused her of not wanting to send out government aid checks to Americans before the Nov. 3 election.
On Stephen Miller, the top aide who on Tuesday tested positive for the coronavirus, Meadows said Miller had self-isolated since Hope Hicks had become ill because he had «very close contact» with Hicks. «We kind of had anticipated that,» Meadows said.
He said the White House has «condoned off different working groups» to prevent further spread and make sure people are safe.
On Trump’s tweets last night about declassifying documents related to the investigation of Russian interference in the 2016 election, Meadows said «hopefully we’ll see documents in coming days.»