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Stocks Slide After McConnell Says No Relief Bill By Next Week

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Stocks Slide After McConnell Says No Relief Bill By Next Week

Tyler Durden

Tue, 07/21/2020 – 15:23

Senate Majority Leader Mitch McConnell (R-KY) told Politico on Tuesday that he doesn’t expect Congress to pass the next relief bill by next week, in stark contrast to a prediction by Treasury Secretary Steven Mnuchin.

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McConnell said earlier that there are some ‘differences of opinion’ over a payroll tax cut wanted by the White House, and instead said that the GOP would introduce a bill over the next few days which would be a starting point for negotiations with Democrats.

McConnell did say that another round of direct payments to US citizens was in the cards.

Stocks began sliding following McConnell’s comments.

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Developing…


Source: zerohedge.com

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