Trump signs executive orders enacting $400 unemployment benefit, payroll tax cut after coronavirus stimulus talks stall
Donald Trump,Coronavirus,Life During Covid-19,Economy And Jobs,Banking And Finance,Stimulus
WASHINGTON β With stimulus talks with Congress at an impasse, President Donald Trump signed a series of executive orders on Saturday to provide temporary relief to Americans who are suffering from the economic impact of the coronavirus pandemic.
At a news conference from his golf resort in Bedminster, N.J., Trump signed four orders that will provide an additional $400 per week in unemployment benefits, suspend payments on some student loans through the end of the year, protect renters from being evicted from their homes, and instruct employers to defer certain payroll taxes through the end of the year for Americans who earn less than $100,000 annually.
Trump said he decided to act on his own and order the benefits after two weeks of negotiations with congressional Democrats collapsed without an agreement on a new coronavirus relief package.
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