President Trump's Executive Actions
White House,Donald Trump,Economic Policy,Banking And Finance,Economy And Jobs,Trump Administration,Executive Orders,Student Loans,Coronavirus,Stimulus,CARES Act,Life During Covid-19
From the Center
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This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:
THE QUICK FACTS
- On Saturday, President Donald Trump signed an executive order and three memoranda to address coronavirus relief measures currently being debated in Congress.
- Trump directed the secretary of Health and Human Services and the director of the CDC to "consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19."
- Trump stated that Treasury Secretary Steven Mnuchin could defer collection of the payroll tax, which funds Medicare and Social Security, from September 1st to December 31st with a possible one-year extension.
- Trump extended the CARES Act's waiver of student loan interest on loans held by the Department of Education until December 31st.
- Trump moved to restart the CARES Act's weekly unemployment benefits at $400/week instead of $600, with the federal government contributing $300 and individual states contributing the remaining $100. Trump said this would be funded by reallocating $44 billion from FEMA's Disaster Relief Fund.
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