In about-face, Trump seeks to salvage parts of coronavirus aid
Published:Wednesday | October 7, 2020 | 2:47 PM
WASHINGTON (AP) — President Donald Trump on Wednesday tried to salvage a few priority items lost in the rubble of COVID-19 relief talks that he himself blew up, pressing for $1,200 stimulus checks and new aid for airlines and other businesses hard hit by the pandemic.
But it’s not clear whether he can undo the self-inflicted political damage so close to the election.
In a barrage of tweets, Trump pressed for passage of these chunks of assistance, an about-face from his abrupt and puzzling move on Tuesday afternoon to abandon talks with a longtime rival, House Speaker Nancy Pelosi.
The California Democrat has rejected such piecemeal entreaties all along.
Trump’s tweets amounted to him demanding his way in negotiations that he himself had ended. Trump, who absorbed much political heat for abandoning the talks, is the steward of an economy whose continued recovery may hinge on significant new steps such as pandemic unemployment benefits.
His tweets seemed to move the financial markets into positive territory, though it was far from certain whether they would impress voters demanding more relief.
He called on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200)” — a reference to a preelection batch of direct payments to most Americans that had been a central piece of negotiations between Pelosi and the White House.
“I am ready to sign right now. Are you listening Nancy?” Trump said on Twitter Tuesday evening.
He also urged Congress to immediately approve $25 billion for airlines and $135 billion for the Paycheck Protection Program to help small businesses.
The stock market fell precipitously after Trump pulled the plug on the talks but was recovering Wednesday after he floated the idea of piecemeal aid.
Trump’s decision to scuttle talks between Treasury Secretary Steven Mnuchin and Pelosi came after the president was briefed on the landscape for the negotiations — and on the blowback that any Pelosi-Mnuchin deal probably would have received from his GOP allies in Congress.
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