Trump called off aid talk’s legislation with Democratic lawmakers until after election. President of the US has drawn criticism from presidential election rival Joe Biden for “turning his back” on Americans in the midst of a pandemic. Biden, congressional Democrats and some Republicans said more is needed to help Americans affected by pandemic.
- Trump’s decision ending talks is a “huge mistake”- Republican Senator Susan Collins
- Trump’s “view was that they were not going to produce a result and we need to concentrate on what’s achievable.”- Senate Majority Leader Mitch McConnell
- Trump urged Congress to quickly pass $25 billion funding for passenger airlines, $135 billion for small businesses and $1,200 stimulus checks for Americans.
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!— Donald J. Trump (@realDonaldTrump) October 7, 2020
Trump’s tweet sent stocks down as much as 2% from session highs but recovering on premarket. SPY premarket is up 0.64%, DIA premarket is up 0.78%, QQQ premarket is up 1.50%, TLT premarket is down 0.12%