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Republicans, Pelosi Agree to Resolution to Avoid Shutdown: Mnuchin

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September 6, 2020
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Republicans, Pelosi Agree to Resolution to Avoid Shutdown: Mnuchin
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Treasury Secretary Steven Mnuchin said the White House and top Democrats have agreed to a continuing resolution to keep the government funded at the end of this month, but he stressed that it will not be tied to a pandemic relief package after negotiations stalled.

“Were going to move forward with a clean CR (continuing resolution), hopefully through the beginning of December,” Mnuchin told reporters at the White House.

Mnuchin said Sunday that House Speaker Nancy Pelosi (D-Calif.) agreed to the resolution. “I hope by the end of the week we can begin moving forward on that,” he said in a televised interview with Fox News.

The government funding bill would keep U.S. agencies operating but would be separate from a parallel effort to provide another batch of financial aid amid the ongoing novel coronavirus pandemic.

Negotiations between top Democrats and the White House broke down in early August, and Pelosi later said a bill worth less than about $2.5 trillion would not be passed in Congress. White House officials have said they will not pass a stimulus package with that amount, opting for a much lower sum.

But Mnuchin, later in the Fox News interview, said both he and President Donald Trump want to pass another stimulus package.

Epoch Times Photo
White House chief of staff Mark Meadows (R) and Treasury Secretary Steven Mnuchin arrive at the office of House Speaker Nancy Pelosi (D-Calif.) at the Capitol in Washington on Aug. 1, 2020. (Manuel Balce Ceneta/AP Photo)

“The president and I believe we should do more stimulus,” he said. “We have about 7 and a half million jobs we need to get back until were back to where we were and we want to help small businesses, we want to help businesses that are particularly impacted by this anRead More From Source

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The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher.  The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April.  Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA).  The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty.   Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

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