Trump says 'really good chance' of USA stimulus deal

Speaker of the House Nancy Pelosi told reporters on Thursday there will not be a targeted aid package for airlines unless there is agreement on a comprehensive COVID-19 relief deal

A surge in COVID-19 cases in a number of US states and roller-coaster prospects for new pandemic aid from Congress are threatening to push the importance of traditional economic data to the back burner for voters in the November 3 election.

U.S. House Speaker Nancy Pelosi on Thursday rejected moving forward a standalone bill aimed at providing new aid to U.S. airlines in the absence of a bigger COVID-19 relief package.

While late afternoon trading was choppy, indexes added to gains after a White House spokeswoman said Trump wanted a "skinny" coronavirus relief bill.

"We're talking about a bigger deal than airlines", he said.

What is the economic situation in the US?

"One thing that has to be in this bill, that he has never made as a priority, is crushing the virus, instead of the denial, delay, distortion and lack of reality that the president has all along brought to this", said Pelosi. Now Trump has accused Pelosi of not accepting his statement and favouring Democratic states in her statement. He noted that the conversation "focused on determining whether there is any prospect of an imminent agreement on a comprehensive bill".

Pelosi spokesman Drew Hammill tweeted Wednesday that the speaker and Mnuchin agreed to talk again Thursday.

President Donald Trump stated Tuesday he's pushing for a second stimulus package that will not only distribute aid to airlines and small businesses but will also include $1,200 stimulus checks to those that qualify. After Trump's announcement to end negotiations, Pelosi also expressed concern about his ability to make sound decisions while medicated.

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But many Senate Republicans have balked at anything over $1 trillion, with some of them opposed to any aid beyond the more than $3 trillion enacted earlier this year. Pelosi said that this information is necessary in order to "make a judgment about the actions that were taken after that".

Trump called for a separate $25 billion airline relief measure and $135 billion to protect small businesses.

Trump did not pass executive authority to Vice President Mike Pence during that time, but the symptoms of the illness and potential side-effects of the drugs he was taking caused many to question his ability to do his job.

U.S. air carriers are a particular concern for lawmakers. Last week, US airlines began cutting 35,000 jobs following the expiration of a $25 billion bailout fund that was created earlier this year as part of the CARES Act. The clock continues to tick, as they will all leave on break starting October 9 for the election.

Trump struck a more conciliatory tone with Fox Business, saying "it's not anybody's fault" the talks were not successful.

"If you look at stock prices, I think some of them are ridiculously high but going short on them proves to be a very, very expensive operation..." I don't want to play games.

"We've been working very hard on language, because if you don't have the language you're just giving them a blank check to do what they have done, which is ignore crushing the virus", she added.

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