Trump hints at ‘standalone’ $1,200 stimulus check bill after vowing to halt Covid relief talks with Democrats until Nov.

Trump hints at ‘standalone’ $1,200 stimulus check bill after vowing to halt Covid relief talks with Democrats until Nov.

“[If I sent] a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” Trump tweeted on Tuesday evening amid a flurry of posts, tagging his own chief of staff Mark Meadows and leadership in both parties.

Some 7 hours earlier, the president said he had instructed his staff to stop negotiating with Democrats on new stimulus legislation “until after the election.” He argued that while Republicans offered a “very generous” bill with a price tag of $1.6 trillion, House Speaker Nancy Pelosi (D-California) remained committed to a $2.4 trillion bill and was “not negotiating in good faith.”

READ MORE: Trump calls off Covid-19 stimulus talks, blaming Democrats – he says he’ll pass relief package AFTER election

The announcement sent a shockwave through markets, tanking the Dow Jones by some 500 points and the NASDAQ by over 200, while the S&P 500 shed 60 points, prompting some to speculate that Trump’s late-night reversal was designed to reassure traders.

Some observers were simply confused by the president’s apparent about-face, many sarcastically blaming the various medications he was prescribed following his coronavirus diagnosis last week.

The proposal also found support among netizens, however, some suggesting GOP Senate Majority Leader Mitch McConnel should head to Trump’s office to discuss the idea, while others said the president had wisely placed the ball in the Democrats’ court.

Talks between party leaders over the Democrats’ stimulus bill, the HEROES Act, have stalled out with less than a month before the 2020 election, with Republicans slamming the legislation as a partisan wish list containing provisions unrelated to the pandemic. Lawmakers across the aisle insist the GOP is holding the bill hostage, arguing the party is simply unwilling to approve the spending needed to offset the economic pain brought by sweeping government lockdowns to mitigate the health crisis.

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