President Trump Ends Coronavirus Relief Talks

President Trump Ends Coronavirus Relief Talks

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Social Studies

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President Trump announced the halt of COVID-19 relief negotiations until after the election, focusing instead on the Supreme Court nomination. This decision led to a significant drop in the stock market. House Speaker Nancy Pelosi criticized the move, highlighting disarray in the White House. Federal Reserve Chairman Jerome Powell emphasized the need for further economic support to avoid a weak recovery. The Senate's schedule further delayed relief talks. Political figures, including Senator Susan Collins, expressed concern over the impact on Americans, particularly regarding unemployment benefits and other financial aids.

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