Pelosi, Mnuchin Edge Closer to a Stimulus Deal; Agreement Won’t Guarantee Pas...
"The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election," her spokeswoman tweeted.
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Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged. House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Secretary Steven Mnuchin. Simultaneously, Senator Mitch McConnell, the majority leader, warned his lot not to negotiate a pre-election deal, stating the US cannot stomach another huge federal package. In April, Congress had approved a $2 […]
Bitcoin posted modest gains on Thursday as Democratic leaders signaled to reach an agreement with Republicans to pass the second round of COVID-19 stimulus by year’s end. House Speaker Nanci Pelosi (D-Califonia) said on Wednesday that a new bipartisan $908 billion relief package should serve as the basis of their months of negotiations with White […]
$1,200 checks for Americans will definitely feature in any deal, says Steven Mnuchin, as DXY weakness opens up opportunities for Bitcoin gains. Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy.Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington.Vays: “Buy Bitcoin” no matter who wins the U.S. electionDXY and BTC/USD have demonstrated a strong inverse correlation in recent months. Recent DXY gains did not translate into....
Amid the intense stimulus relief aid discussion, House Speaker Nancy Pelosi has set a deadline for the White House to come to an agreement on the next stimulus package which provides a second round of stimulus checks for Americans. Meanwhile, the Senate is set to vote on a smaller stimulus bill without direct payments this week. Deadline for Stimulus Negotiations Stimulus packages to help Americans cope with the coronavirus-driven economic crisis have been heavily discussed this week as U.S. lawmakers hope to approve new relief aid before the November presidential election. Six proposed....
Negotiations over a new round of stimulus relief have dragged on for many months now. To make matters worse, both Democrats and Republicans have used the delay as a political ping pong to score points. But last week, House Speaker Nancy Pelosi indicated that she and Treasury Secretary Steven Mnuchin are close to agreeing on […]