President Donald Trump walked back a statement terminating negotiations with Democrats over a stimulus bill to ease the financial burden of the coronavirus pandemic on Americans. In his amended statement, Trump said that he would approve a bill that provided $1,200 stimulus checks to citizens and a bailout for the airline industry and small businesses.
Trump had tweeted on Tuesday that he had directed his representatives to stop negotiating with House Leader Nancy Pelosi until after he wins re-election. Seven hours later, he clarified his stance, opening the door to limited stimulus funding so long as it went to help small businesses and the airline industry, which began laying off thousands of workers after their funding from the first package ran out.
“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!” he wrote in a tweet.
He also added that he would consider a package that was focused on stimulus checks.
“If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” he tweeted.
He tagged his Chief of Staff Mark Meadows, Mitch McConnell, Chuck Schumer, and Kevin McCarthy in the message.
In the wake of the news, the stock market began to rise, as reported by The Wall Street Journal. The Dow Jones Industrial Average climbed 430 points and the Nasdaq Composite was up 1.4 percent. Investors have been uncertain about whether the two parties would be able to come up with an agreement before the election on November 3.
He later added a third tweet to the thread.
“Move Fast, I Am Waiting To Sign!” he said while quoting his own message.
He added a tag to Pelosi.
As The Inquisitr previously reported, the House and Senate have been negotiating for weeks over economic relief. After hearing about Trump’s initial tweets, Pelosi slammed his decision and called the administration in “complete disarray” and suggested that perhaps Trump’s treatment for the coronavirus, which includes dexamethasone, is impacting his cognitive performance.
She also responded to his messages with a tweet of her own saying that Trump was “walking away” from negotiations when Americans most impacted by the virus’s impact on the economy needed him.