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Aid for state, local governments a sticking point in federal COVID-19 relief

Oct 6, 2020
Republicans and Democrats disagree about how much aid to give to state and local governments.
House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer talk in July. President Trump tweeted Tuesday stimulus talks with Congress are put on hold until after the election.
Brendan Smialowski-Pool/Getty Images

President Trump calls off stimulus talks, stocks take a dive

Oct 6, 2020
The comments from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid.
President Trump removes his face mask upon returning to the White House from Walter Reed National Military Medical Center on Oct. 05.
Win McNamee/Getty Images