New Zealand markets closed
  • NZX 50

    12,639.83
    +37.81 (+0.30%)
     
  • NZD/USD

    0.7027
    +0.0022 (+0.31%)
     
  • NZD/EUR

    0.5867
    -0.0009 (-0.16%)
     
  • ALL ORDS

    6,816.80
    -32.00 (-0.47%)
     
  • ASX 200

    6,601.10
    -35.30 (-0.53%)
     
  • OIL

    45.53
    -0.18 (-0.39%)
     
  • GOLD

    1,788.10
    -23.10 (-1.28%)
     
  • NASDAQ

    12,258.21
    +106.00 (+0.87%)
     
  • FTSE

    6,367.58
    +4.65 (+0.07%)
     
  • Dow Jones

    29,910.37
    +37.90 (+0.13%)
     
  • DAX

    13,335.68
    +49.11 (+0.37%)
     
  • Hang Seng

    26,894.68
    +75.23 (+0.28%)
     
  • NIKKEI 225

    26,644.71
    +107.40 (+0.40%)
     
  • NZD/JPY

    73.1320
    +0.1400 (+0.19%)
     

Pelosi says GOP doesn't give a 'damn' about aid

PELOSI: "We're not there yet."

U.S. House Speaker Nancy Pelosi took at jab at her Republican colleagues on Thursday for not swiftly acting to help Americans who are struggling financially and for failing to take the needed steps to stem the coronavirus.

Referring to what she said is the GOP's lack of empathy for those in need, she told CNBC's Jim Cramer Thursday: "Perhaps you mistook them for somebody who gives a damn."

On Capitol Hill, Pelosi doubled down on her criticisms.

PELOSI: "We're concerned because we do not think that this administration and the Reublicans understand the gravity of the situation and hence have not taken the actions to stop the spread of the virus to again open the economy, have our schools open safety, and have us return to some normalcy."

Democrats and Republicans are at an impasse over a new coronavirus relief bill, which would include an extention of jobless benefits which expired last week.

Jobless Americans were receiving an extra $600 a week.

Under the Republicans' plan hammered out with the White House, that number would drop to $200.

Democrats say it's not nearly enough.

PELOSI: "When they come to the table and are like '$600, how could it be?' They are just demonstrating the condescension to America's working families. There are all kinds of reasons that weigh in on this pandemic... There are a number of reasons, none of them is 'I wanna stay home because I make more money this way than other."

Treasury Secretary Steven Mnuchin has warned that the Trump administration would not accept "anything close" to the $3.4 trillion in new aid sought by Democrats. Senate Republicans have proposed a $1 trillion package that many of their own members have rejected.

Senate Majority Leader Mitch McConnell said on Thursday the U.S. economy needs an "additional boost" to cope with the fallout of the coronavirus pandemic, but didn't appear to budge on the numbers.

President Donald Trump, who has threatened to act unilaterally if Congress does not agree on a further aid package, said he was working on an executive order targeting eviction protections and unemployment benefits.