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Pelosi, Mnuchin Talk Stimulus; Victoria Eases Up: Virus Update

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Pelosi, Mnuchin Talk Stimulus; Victoria Eases Up: Virus Update

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had a lengthy talk Saturday night about efforts to craft a stimulus package to help the U.S. economy weather the impact of the coronavirus.

Victoria, the Australian state worst hit by the coronavirus outbreak, announced an easing of restrictions on Sunday, but left key sectors of the economy shuttered until next month to ensure community transmission is further contained.

Even as new U.S. cases jumped by the most since late July, President Donald Trump, at campaign rallies on Saturday, pushed states such as Michigan to lift emergency measures. Daily cases in France rose to a record 32,427. China reported 13 new infections on Oct. 17, all imported, while New Zealand reported the first community case in three weeks. India added more than 60,000 cases for a fifth consecutive day.

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here . Click CVID on the terminal for global data on coronavirus cases and deaths. India reported 61,871 new cases in a day, while deaths reached 114,031, the third highest in the world.

Prime Minister Narendra Modi on Saturday asked officials to prepare for speedy distribution of a Covid-19 vaccine, when it becomes available, to every citizen of the country by using the nation’s experience in successfully conducting the world’s biggest elections and disaster management programs.

The pair spoke for an hour and 15 minutes, and have agreed to speak again Monday, Treasury spokeswoman Monica Crowley said in a tweet. Their respective staff will keep discussions going in the meantime.

Before those talks, Majority Leader Mitch McConnell announced that the Senate will vote on […]

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