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Donald Trump wearing a suit and tie: On The Money: Trump gambles with new stimulus strategy | Trump cannot block grand jury subpoena for his tax returns, court rules | Long-term jobless figures rise, underscoring economic pain


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On The Money: Trump gambles with new stimulus strategy | Trump cannot block grand jury subpoena for his tax returns, court rules | Long-term jobless figures rise, underscoring economic pain

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THE BIG DEAL-Trump gambles with new stimulus strategy: President Trump is taking a huge political and economic risk by walking away from negotiations with Democrats on a coronavirus relief package just four weeks before the election.

Trump on Tuesday abruptly put a halt to talks between Treasury Secretary Steven Mnuchin and Speaker Nancy Pelosi (D-Calif.) until after Election Day, accusing the Democratic leader of not negotiating in “good faith” despite some signs of progress between top negotiators in recent weeks.

The president later relented somewhat, urging Congress to send him smaller stand-alone bills based on areas of broad agreement instead of a sweeping measure sought by Pelosi and Mnuchin. But Trump’s approach has frustrated Republicans and business groups and thrust the prospect of future assistance into further uncertainty.

“The economy as a whole is not making a lot of progress,” said Claudia Sahm, a former senior economist and research director at the Federal Reserve. “There are real human costs – today and years from now – of not sending money out and turning it into a political battle,” Sahm added. The Hill’s Morgan Chalfant and I