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Steve Mnuchin extends his overseas trip — despite failing to reach a deal on coronavirus stimulus

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Steve Mnuchin appears before Senate committee (C-SPAN/screen grab)

Raw Story reported on Oct. 16 that U.S. Secretary of the Treasury Steve Mnuchin left the United States after repeatedly failing to reach a stimulus agreement with Speaker of the House Nancy Pelosi (D-CA). Now, it appears Mnuchin has extended his trip to the Middle East by an extra day. The media has not been given any information on his whereabouts or with whom the meetings are taking place.

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Mnuchin was expected to travel to Israel, Bahrain and the United Arab Emirates from Oct. 17 through Oct. 20. Negotiations were expected to resume upon his return to the U.S. on Oct. 20.

Pelosi and Mnuchin had a scheduled phone call Saturday and were expected to negotiate further upon his arrival Sunday.

“As soon as I get it, which I haven’t gotten yet, then we will talk about it, probably on Sunday,” Pelosi had said.

On Monday, Pelosi updated her statement, saying that an economic stimulus deal must be struck within 48 hours in order for Congress to pass legislation before Election Day.

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The stock market noticed the discord Monday as the Dow Jones industrial average dropped sharply by the closing bell, giving up 408.8 points, or 1.43 percent. The S&P 500 index fell by 56.9 points, or 1.63 percent, at the end of the trading day, while the tech heavy-Nasdaq lost 192.7 points, or 1.65 percent.


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2020 Election

Anthony Scaramucci: ‘Trump is really losing it psychologically’

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Former White House Communications Director Anthony Scaramucci on Tuesday suggested that President Donald Trump is suffering mental problems after losing the 2020 election.

"Trump is really losing it, psychologically," Scaramucci wrote on Twitter. "His followers don’t get that being a 'loser' is just about as bad as actual death to him."

"He is now a 'loser' in his daddy’s eyes," he added. "All he can do is act out. I wonder how it will end."

Trump is really losing it, psychologically. His followers don’t get that being a “loser” is just about as bad as actual death to him. He is now a “loser” in his daddy’s eyes. All he can do is act out. I wonder how it will end.

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2020 Election

Rick Wilson and George Conway hilariously ridicule the GOP’s attempt to save Georgia’s Senate seats as Trump implodes

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Conservative attorney George Conway -- who is married to former Donald Trump adviser Kellyanne Conway -- made an appearance on GOP consultant Rick Wilson's "The New Abnormal" podcast on Tuesday, where the two Lincoln Project founders wondered whether the president really wants the Republican Party to hang onto the two Georgia Senate seats headed for a run-off in January after he went down to defeat in the state.

The trio started off the Daily Beast podcast with a hilarious dramatic reading of the Washington Post's bombshell report about the president's inability to comprehend how he lost the election, with Conway laughing at the mention of Trump's "fragile mental state."

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2020 Election

US lawmakers renew stimulus push as focus shifts to Biden

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President-elect Joe Biden will present his economic team on Tuesday, as a bipartisan group of senators make a renewed push for another stimulus package to help the faltering US economy.

With Covid-19 cases spiking, the world's largest economy faces an uncertain outlook that Biden and his economic team led by nominee for Treasury secretary Janet Yellen will have to work to remedy.The diverse group, with women and minorities in key roles, will face millions in jobs losses and a rising wave of small businesses shutting their doors and major corporations laying off their workers.

Outgoing Treasury secretary Steven Mnuchin agrees on the need for more federal help for workers left jobless and business battered by the pandemic.

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