The Speaker of the House of Representatives, Nancy Pelosi, has said that it is urgent to reach an agreement. The Democratic leader has also said that progress has been made on a stimulus package, stating that “we are close“.
The S&P 500 Index has rebounded from lows in response, but stocks are still in the red. The fate of the next aid package has been dominating the markets in recent weeks. The clock is ticking towards Election Day on November 3.
Democrats and Republicans have been arguing about a package worth around 2 trillion dollars to help the economy recover from the coronavirus crisis.
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