Home / Market Update / Democrats Demand Increased Spending for Stimulus Package

Democrats Demand Increased Spending for Stimulus Package

The White House need to agree on increased spending for the next COVID-19 stimulus package, said the United States House of Representatives Speaker, Nancy Pelosi, on Thursday.

Recently, the President of the United States, Donald Trump, claimed that his administration has saved more than 50 million jobs, through the COVID-19 relief package.

A previous package expired on July 1, and for the second package, the Democrats want to spend around $3 trillion, while the Republicans do not want to spend more than $1 trillion, according to recent media reports.

Check Also

U.K. Inflation Cools Sharply in November, Strengthening Case for BoE Rate Cut

The U.K.’s annual inflation rate fell sharply in November, reinforcing expectations that the Bank of …