Share this article
Pelosi Says It's Tuesday or Bust if White House Wants a Pre-Election Stimulus Package: Report
The House Speaker said if a deal isn't reached by Tuesday evening, a package won't be likely before Nov. 3.
Updated Sep 14, 2021, 10:11 a.m. Published Oct 18, 2020, 9:26 p.m.
Make us preferred on Google
Rep. Nancy Pelosi, speaker of the Democrat-majority U.S. House of Representatives, told the White House on Sunday it has until Tuesday to reach a deal on a pandemic stimulus package or it would be unlikely to be passed before the presidential election, the Wall Street Journal reported.
STORY CONTINUES BELOW
- If no deal is reached by Tuesday evening, even if negotiations continue and are eventually successful, it's unlikely to produce a package before the Nov. 3 election, the WSJ said, quoting an aide to the Senate Democrat.
- House Democrats are seeking a $2.2 trillion relief package. While President Donald Trump has said he's prepared to go beyond his $1.8 trillion proposal, Senate Republicans, who are in the majority, are in favor of a much more modest package and may not support him.
- If a package isn't passed by the election, it might be well into February before one happens, the WSJ said, quoting Rep. Tom Reed (R-N.Y.).
- Why this matters to crypto: Bitcoin prices have been buoyed this year as investors bet that trillions of dollars of government and central bank spending around the world in response to the coronavirus-induced economic slowdown will inevitably result in inflation, and therefore be positive for the cryptocurrency.
- As such, if a stimulus deal is reached, BTC may rise further.
Mehr für Sie
Mehr für Sie
CFTC's Selig opens legal dispute against states getting in way of prediction markets
Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space.
Was Sie wissen sollten:
- U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets.
- Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies.
- As Selig defends his agency's jurisdiction in court, he's also pursuing new prediction markets rules for the U.S.
