Stocks Drop To Session Lows After Pelosi Says She Is Sticking To $2.2 Trillion In Stimulus Bill Demand Tyler Durden Fri, 09/18/2020 - 12:25 A 4th fiscal deal remains far off according to Nancy Pelosi who spoke on Bloomberg TV and said that she is sticking to her demand for at least $2.2 trillion in the next covid relief bill, clarifying that "state and local" is critical and adding that "something is not necessarily better than nothing" on aid, an argument which both millions of people and markets may have an argument with. And speaking of the latter, stocks legged lower, and after staging a modest rebound int he past hour, dropped back under the 50DMA, while QQQs continuing to slide below the 270 critical level. Some other headlines from the interview: *PELOSI SAYS STIMULUS NEEDS ARE ONLY GROWING AMID PANDEMIC *PELOSI SAYS WORKING OUT DETAILS ON STOPGAP FUNDING BILL *PELOSI: HOPE TO HAVE STOPGAP TODAY, BRING TO FLOOR NEXT WEEK As a reminder, two days ago Trump made it clear that the White House is now willing to settle at the $1.5 trillion package which was introduced by the Problem Solver caucas, urging Senate republicans to raise their $500BN skinny deal, although Larry Kudlow yesterday said GOPs have sought to cap aid package at $1 trillion. The reason: republicans believe more stimulus would bail out poorly run democratic states, and the delta between the latest GOP bid of $1.5 trillion and the Democratic ask of $2.2 trillion - which would go to fund various states - remains a key sticking point. In short, the US remains far on any imminent fourth stimulus deal.