US Pres. Trump signs four executive orders on coronavirus relief aid
Against the backdrop of the coronavirus cases topping 5 million cases and two-week of US fiscal wrangling, US President Donald Trump signed four executive orders on Saturday, partly restoring enhanced unemployment payments the Americans affected by the coronavirus pandemic.
Additional details
“The orders would provide an extra $400 per week in unemployment payments, less than the $600 per week passed earlier in the crisis.
The orders would suspend the collection of payroll taxes till December, with people earning upto $100,000/ annum.
Orders would also stop evictions from rental housing that has federal financial backing and extend zero percent interest on federally financed student loans.”
Trump said: “I’m not saying they’re not going to come back and negotiate. Hopefully, we can do something with them at a later date.”
This comes after the White House officials and congressional Democrats ended nearly two weeks of talks over the fiscal aid on Friday, with the two sides still about $2 trillion apart.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
