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白宫怒斥:民主党故意将财政刺激拖到大选后

White House Outraged: Democrats Intentionally Dragged Fiscal Stimulus After the Election

华尔街见闻 ·  Oct 25, 2020 16:33

Source: Wall Street

Author: Yu Xudong

As Trump lags behind in the polls, the administration is increasingly feeling pressure on the deal, so senior White House officials are trying to blame Democrats entirely for failing to reach a deal.

Senior White House Trump administration officials have accused House Democrats of not making concessions on a new round of stimulus package negotiations, which will further reduce hopes of reaching a deal before the election, local media reported.

Speaking at the White House Friday, U.S. Treasury Secretary Stephen Mnuchin said House Nancy Pelosi remains tough on a number of issues. And said that if Pelosi gives in, an agreement will be reached soon.

White House economic adviser Kudlow said in an interview that they may be closer to reaching a deal than they were a week or two ago, but there are still major policy differences between the two parties.

What is Lopez up to?

As Trump lags behind in the polls, the administration is increasingly feeling pressure on the deal, so senior White House officials are trying to blame Democrats entirely for failing to reach a deal.

Trump also said in the second presidential debate that Pelosi did not want to approve it, and that they were prepared, willing and able to do these things.

Before that,Pelosi did give a hint that a deal would be postponed until after the election. She said her goal was to launch the stimulus package in November, but was not sure whether it would be launched as scheduled or shortly after the election.

It has been commented that this signal indicates that politicians may not have enough time and willingness to legislate for the relevant programs before the election.

And Trump's argument was refuted by Pelosi, who saidIf the president wants, the Democrats can broker a deal before the election.

There are still great differences between the two parties and the Republican Party.

White House criticism of Democrats masks divisions within Republicans over a massive new stimulus package: some senior Republican lawmakers see it as unnecessary, while others call for compromise. Among them, Republican Senate leader Mitch McConnell has long been skeptical about the stimulus package.

In addition, although the White House and Congress agreed on certain things during their talks, such as a new round of direct payments to families and the resumption of emergency unemployment benefits, they did not agree to provide funds to state and local governments to provide workplace safety and responsibility protection for businesses.

Previously, Mnuchin and Pelosi had been trying to reach an agreement on a government relief package of no more than $2 trillion to promote economic recovery. With less than ten days to go before the general election, they have been trying to broker the agreement.

House Democrats passed a $3 trillion stimulus package as early as May and another smaller stimulus package worth $2.2 trillion last month, but both Republicans and the White House rejected it because the price was too high.

Even with warnings from Fed officials and economists, the impasse in the talks continues. Without further financial relief, the United States will suffer more corporate and household bankruptcies, hit jobs hard, and change the structure of the American economy in the long run.

Edit / Phoebe

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