President Trump called off negotiations on Tuesday for another COVID stimulus bill, saying that House Speaker Nancy Pelosi was not negotiating in good faith. The announcement caused the S&P 500…
The announcement caused the S&P 500 to drop by nearly 2%. The Dow Jones Industrial average also lost about 1.9%, or about 500 points. The market had been up for the day just prior to the announcement.
Trump said he had asked Senate Majority Leader Mitch McConnell to focus instead on the confirmation of Judge Amy Coney Barrett to the Supreme Court.
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