Airline stocks fell today after House Speaker Pelosi said there won’t be a stand-alone bill for additional aid for carriers without a larger coronavirus stimulus package.
At the end of her Thursday news conference, Pelosi suggested the White House and Democrats could renew talks toward a broader aid package.
Earlier in the day, Trump claimed his administration and Democrats restarted talks toward a "bigger deal" that would address aid for airline payrolls and direct payments to Americans. Two days earlier, he abruptly ordered White House advisors to back out of talks with Pelosi until after the Nov. 3 election, even as she and Treasury Secretary Steven Mnuchin worked toward striking a broad stimulus agreement.
The sides have failed to strike a deal on a fifth pandemic relief package during months of on-again, off-again discussions. As the virus continues to spread and the U.S. economy struggles to recover from the outbreak, concerns have grown about more damage to Americans' health and financial well-being in the coming months.
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