Pelosi Rejects, Senate GOP Bridles at White House’s $1.8T Stimulus Offer: Reports
Democratic House spokeswoman Nancy Pelosi turned down the White House's recently topped up $ 1.8 trillion incentive offer, saying it didn't offer enough for coronavirus testing, occupational safety and childcare, the Financial Times reported.
Meanwhile, the Wall Street Journal quoted people familiar with a call on Saturday between the President's Chief of Staff and Senate Republicans, saying several GOP members were opposed to another big stimulus package.
Senate Republicans instead support a measure, like the one proposed in September, that was less than half the size of the president's most recent proposal and would cut spending in other areas as a partial offset, the WSJ reported.
Friday's increased offer from the president gave a boost to Bitcoin (BTC) and stocks alike.
Despite opposing the offer on either side of the aisle, BTC is sticking to today's earnings, which at press time are up 2.70% to $ 11,361.
According to the FT, the House spokesman did not rule out opportunities for a deal, saying, "I remain confident that yesterday's developments will bring us closer to an agreement on an aid package to address the health and economic crisis of American families."
UPDATE: 21:25 UTC adds that Senate Republicans are also against the president's proposal.
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