U.S. President Donald Trump has decided to stop all talks related to the negotiations concerning the next coronavirus stimulus until the November elections are over.

Assuming that he is the winner of the upcoming presidential elections in the U.S., Trump said that the talks will only resume after Nov. 4 and the bill would be passed. Shortly after the announcement, the U.S. stocks fell.

Trump, who contracted coronavirus infection last Friday and was briefly hospitalized, said that "Crazy Nancy Pelosi and the Radical Left Democrats were just playing 'games' with the desperately needed Workers Stimulus Payments.”

"They just wanted to take care of Democrat failed, high crime, Cities and States. They were never in it to help the workers, and they never will be!" he said.

After Trump decided to halt the discussions concerning the coronavirus stimulus package, the Democratic presidential nominee Joe Biden accused Trump of turning his back on Americans.

"Make no mistake: if you are out of work, if your business is closed, if your child's school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that - none of it - matters to him," said Biden in a statement on Tuesday.

Republican Senate Majority Leader Mitch McConnell supported the president’s decision by saying that a deal with the Democrats “looked too difficult.”

Lawmakers from both sides had wanted the coronavirus stimulus package to be released and finalized before the presidential elections but Trump’s announcement seems to have dashed all hopes.

Both the Democrats and Republicans failed to hold negotiation talks and meet in the middle to pass the bill. While the White House agreed to pass a COVID-19 relief bill with $1.6 trillion, Pelosi continued to strive for more and advocate for a $2.2 trillion stimulus bill. The Republicans did not agree to it.

The story continued when it came to the funding for the state and local governments as well as weekly relied cheques for the jobless in the U.S. Meanwhile, analysts are worried that the American economy will continue to dwindle until relief is provided.

"The ban on H-1B visas, which are often used to fill very niche positions that are not easily found in the American workforce, will ultimately prove to be counterproductive and is an example of using a nuclear bomb to address a bar fight," said Leon Fresco, a former deputy assistant attorney general in the Obama administration who now represents H-1B workers. Photo by History in HD on Unsplash

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