US Stocks Dip Lower Over Stimulus Deal Talks

Video Credit: Wochit
Published on October 22, 2020 - Duration: 00:32s

US Stocks Dip Lower Over Stimulus Deal Talks

US stocks dipped slightly on Wednesday as investors weighed the latest stimulus talk developments.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before the deadline.

According to Business Insider, the two are now working to finalize a proposal before the weekend.

Senate Democrats rejected Republicans' $500 billion "skinny bill," leaving both parties stuck in a deadlock.

Disagreements over a relief bill are still significant between the Republicans and Democrats.

The White House recently offered a $1.9 trillion bill, coming in well below Democrats' $2.2 trillion package.


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