US President gets confident about striking the perfect deal
US President gets confident about striking the perfect deal
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There have been a stir in the country of America as the cases of coronavirus continue to surge and now the President has also been infected with this deadly virus. President Donald Trump strikes for a deal on another round of pandemic aid to jolt the U.S. economic improvement, stating that the country “wants and needs” fiscal stimulus. With Trump undergoing treatment at Walter Reed military hospital outside Washington after getting positive for the coronavirus, his tweet on Saturday departed from his health to focus on weeks of partisan deadlock over another stimulus bill.

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US House Speaker Nancy Pelosi stated on Friday that discussions with the White House will push ahead and Trump’s Covid-19 diagnosis might improve the tenor of the talks by underscoring the seriousness of the pandemic. And it is there on the cards that the President may strike more revenue-generating deals as pandemic now comes to its descending stage. 

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The two sides remain far apart on how much of a boost to provide and what it should target. Democrats in the House on Thursday passed a $2.2 trillion package down from the $3.4 trillion plan they passed in May as their latest offer. Treasury Secretary Steven Mnuchin has suggested a plan of about $1.6 trillion. Senate Majority Leader Mitch McConnell said Friday that the talks have “speeded up in the last few days,” though he didn’t make a prediction about the eventual outcome.

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