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Trump makes u-turn, urges House, Senate to come up with stimulus bill

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By Festus Oye

U.S President, Donald Trump has made a u-turn on his decision to suspend the debate on stimulus until after election.
Trump in a late night tweet, urged the member of both chambers to come up with the stimulus bill immediately.
He said he is ready to sign the bill into law so as to support ailing industries as a result of Covid-19 pandemic.
The US president who just returned to White House after three days at the Military hospital, tweeted, “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 has been on a loggerhead with Democratic Speaker Nancy Pelosi over the budget.
In his earlier tweet suspending the talk he stated, “Immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans,” he tweeted one day after leaving hospital.
In his tweet, the president cast blame for the talks’ collapse on Mrs Pelosi, saying that she was seeking $2.4tr (£1.8tr) “to bailout poorly run, high crime, Democrat States”.
He said he counter-offered $1.6tr (£1.2tr) but Mrs Pelosi “is not negotiating in good faith”.
“I am rejecting their request, and looking to the future of the Country,” he wrote.
He added that he had instructed Republican Senate Majority Leader Mitch McConnell to focus efforts on confirming his Supreme Court nominee Amy Coney Barrett.
Budget talks between Democratic Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had been underway.
US stock markets fell immediately after Mr Trump’s announcement.
It comes as cases rise in several parts of the country, and the outbreak hits top Pentagon military officials, White House staff and Republican senators.

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