US Pres. Trump: Will ask Congress for more if allocated money runs out

Eren Sengezer FXStreet

US President Donald Trump said on Saturday, via Twitter, that he will ask Congress for more money to support small businesses with coronavirus response loans if allocated money runs out, as reported by Reuters.

"So far, way ahead of schedule. Bank of America and community banks are rocking," Trump further tweeted out.

Wall Street

Major equity indexes in the US registered losses last week. The Dow Jones Industrial Average erased 2.7%, the S&P 500 and the Nasdaq Composite lost 2.08% and 1.72%, respectively.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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