Pelosi Says Stimulus Talks at Impasse; Trump Blames Pelosi: Report
The U.S. House Speaker says President Trump's recently boosted proposal still doesn't go far enough.
Stimulus
House Speaker Nancy Pelosi said she is “optimistic” after the Trump administration made concessions on coronavirus testing and tracing ahead of a Tuesday evening deadline.
"The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election," her spokeswoman tweeted.
With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.
Pelosi Says It’s Tuesday or Bust if White House Wants a Pre-Election Stimulus Package: Report
Oct 18, 2020
The House Speaker said if a deal isn't reached by Tuesday evening, a package won't be likely before Nov. 3.
There's still a chance a stimulus package can be passed before the presidential election, but those chances are fading, said the U.S. president.
Stimulus
First Mover: ECB Stimulus May Offer Market Hope After Bitcoin Fails (Again) to Break $10K
After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.
