"The market is starting to price in potentially a blue sweep," Jimmy Chang, at Rockefeller & Co, told Bloomberg TV, referring to Democrats winning the White House and both houses of Congress.
On Tuesday, a top aide to Democratic House Speaker Pelosi said the lawmaker had spoken for a second straight day with Treasury Secretary Steven Mnuchin, and the two agreed to continue negotiating, raising hopes they could break a months-long impasse.Pelosi said she was"hopeful" an agreement could be reached, though her party and Republicans remain miles apart on their proposals.
"Trump's economic advisor Kudlow said that the true cost of the Democrats' package is more like US$2.6 trillion and about one-third of it looks like not being strictly tied to the pandemic. Talks are expected to continue but confidence in a deal before the pre-election Congressional recess is not running high.
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