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US still can't agree on stimulus package

Thu Aug 13, 2020
watermark Economic news

Negotiations between Republicans and Democrats in Congress on the next round of economic aid measures remain stalled.

House Speaker Nancy Pelosi said yesterday that the lower house is ready to negotiate with the Senate and the administration and reduce the difference between the proposed package of measures. The White House administration is offering $1 trillion, and the Chamber is offering $3.5 trillion.

However, US Treasury Secretary Steven Mnuchin called such a proposal «misleading» and said that Democratic negotiators were not yet ready for a compromise at all.

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