Trump, Mnuchin say Pelosi must compromise to reach COVID-19 deal

WASHINGTON (Reuters) - U.S.

Reuters October 24, 2020 00:11:59 IST
Trump, Mnuchin say Pelosi must compromise to reach COVID-19 deal

COVID-19 deal" src="https://images.firstpost.com/wp-content/uploads/reuters/10-2020/24/2020-10-23T164528Z_1_LYNXMPEG9M1DS_RTROPTP_2_HEALTH-CORONAVIRUS-POWELL-MNUCHIN.jpg" alt="Trump Mnuchin say Pelosi must compromise to reach COVID19 deal" width="300" height="225" />

WASHINGTON (Reuters) - U.S. President Donald Trump and U.S. Treasury Secretary Steven Mnuchin of Friday said they would back the right deal for more COVID-19 relief but that House Speaker Nancy Pelosi must compromise in order to reach a final agreement.

The Republican president, speaking to reporters at the White House, reiterated that he did not support more federal financial aid for U.S. states and cities run by Democrats and said he did not think Pelosi wanted to reach a deal ahead of next month's presidential election.

Pelosi, in an interview with MSNBC earlier on Friday, said she hoped to reach a deal before the Nov. 3 contest but that Trump needed to wrangle his fellow Republicans in the Senate to act.

(Reporting by Jeff Mason; writing by Susan Heavey, Editing by Franklin Paul)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Global Markets: Stocks ascend to record on economic recovery, vaccine outlook
Business

Global Markets: Stocks ascend to record on economic recovery, vaccine outlook

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks hit a record and oil prices jumped on Monday as the newest positive data for a potential COVID-19 vaccine and signs of economic recovery in Asia boosted sentiment. U.S. stocks advanced, with the Dow Industrials setting a record as it neared the 30,000 mark for the first time, after pharma company Moderna said its prospective vaccine was 94.5% effective in preventing the illness, which has crushed economies across the globe

Airbnb IPO filing shows third-quarter earnings beating virus with cost cuts, new focus
Business

Airbnb IPO filing shows third-quarter earnings beating virus with cost cuts, new focus

By Anirban Sen and Joshua Franklin (Reuters) - Airbnb Inc's initial public offering (IPO) registration showed on Monday that the home rental startup turned a profit in the third quarter despite the COVID-19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years. The filing, published ahead of Airbnb's anticipated stock market debut in December, showed a dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year. The slump forced it to lay off 25% of its workforce in May, suspend marketing activities for the year and seek $2 billion (£1.5 billion) emergency funding from investors, including Silver Lake and Sixth Street Partners, at a valuation of $18 billion

Biden says U.S., allies need to set global trade rules to counter China's influence
Business

Biden says U.S., allies need to set global trade rules to counter China's influence

By David Lawder WASHINGTON (Reuters) - U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.