U.S. stimulus plan talks failed again and the three major stock indexes cut their gains

category:Finance
 U.S. stimulus plan talks failed again and the three major stock indexes cut their gains


The Democratic Party said in a statement that the two will continue to discuss. Meanwhile, House Democrats plan to vote on the $2.2 trillion stimulus bill later, but this is largely symbolic, and Senate Majority Leader McConnell has clearly opposed the plan.

Earlier on Wednesday, both Pelosi and mnuchin expressed some optimism about the prospect of the agreement, which once pushed the three major stock indexes up more than 1%.

At present, there are great differences between the two parties on the size of the stimulus plan. On Monday, the Democratic Party announced a $2.2 trillion stimulus plan, but trump has said he supports up to $1.5 trillion, which means there is still a gap of at least $700 billion between the two sides.

White House economic adviser David coudrow was not optimistic about the plan on Tuesday, saying in an interview with the media that the real cost of the Democratic bill is more like $2.6 trillion, of which about one-third of the projects do not have much to do with the pandemic in the eyes of Republicans.

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