Economy Is the Loser With Trump, Democrats Locked in Bitter Feud

Aug. 17, 2020, 3:37 PM UTC

Chances for a deal in Congress on a new, comprehensive stimulus package before September diminish with each passing day, leaving the U.S. economy limping and many businesses and millions of consumers coming up short.

Democrats and Republicans are focused on their party presidential nominating conventions this week and next. House Speaker Nancy Pelosi headed to California after rebuffing an overture from President Donald Trump’s Treasury secretary, Steven Mnuchin, to restart talks on a virus relief package without concessions.

Nancy Pelosi departs her office in the U.S. Capitol in Washington, D.C., on Aug. 14.
Photographer: Erin Scott/Bloomberg

Both chambers of Congress left Washington and had been scheduled to be gone until mid-September. But a financial crunch ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.