Stimulus Negotiations at a Stand Still, Airline Industry Suffers
This week, President Trump took to Twitter, calling off negotiations until after the election. Only to turn right around and call on Congress for immediate approval of stand alone bills -- made up pieces from the original offer. As negotiations continue, tens of thousands of airline workers are facing layoffs... looking to a stimulus bill as their only lifeline.
Lawmakers on Capitol Hill had mixed reactions after President Trump announced he was stopping stimulus negotiations for another round of COVID-19 relief. CBSN political contributor Molly Hooper joins CBSN to talk about the latest. US stocks dropped sharply, after Donald Trump's surprise decision to end talks on another stimulus bill. The American President promised to push through fresh aid for businesses and households if he's re-elected in November. Also in the show - the aviation industry will burn through a further $77 billion in the last six months of the year, and the French government offers financial incentives for companies to diversify their production. This weekend on Weekly Briefing headliner Rep. Louie Gohmert (R-Texas) discusses the Senate Judiciary Hearing, DOJ scandals, and COVID updates. The experts panel gives their thoughts on Trump and Biden campaign events as well as a stimulus package.
Tune in Saturday & Sunday at 2 p.m. EST / 11 a.m. PST! Tens of thousands of U.S airline workers are being laid off this Thursday after an emergency COVID-19 lifeline ran out. The 25 billion dollar program kept paychecks flowing to employees as almost all air traffic was grounded when the pandemic hit. But lawmakers remain deadlocked over a second bailout program. Owen Fairclough has the latest.