POL Trump to sign executive order on coronavirus economic relief (Watch live at 3:30 PM ET, hasnt started yet)

Cacheman

Ultra MAGA!



Trump to sign executive order on coronavirus economic relief
Ginger GibsonGinger Gibson is deputy Washington editor for NBC Digital.

3-4 minutes


WASHINGTON — President Donald Trump is expected to sign an executive order on coronavirus economic relief Saturday, according to a White House official.

The expected signing comes after talks with Democrats hit an impasse Friday over another round of assistance. He is expected to sign an order at a news conference at his New Jersey golf club at 3:30 p.m.

Trump suggested at a Friday night press conference that he would take executive action on payroll tax cuts, unemployment benefits, eviction moratoriums and student loans.

Democrats promised last week to file a legal challenge if Trump acted through executive order to circumvent Congress, which has the constitutional authority to determine federal spending.

Trump brushed off those challenges Friday, telling reporters, "You always get sued."

Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows indicated after talks with Democrats appeared to break down on Friday that Trump could act on his own to implement three pieces under discussion: renewing federal unemployment benefits, extending an eviction moratorium and providing student loan relief.

House Speaker Nancy Pelosi, D-Calif., had previously indicated Trump may have the authority to extend the eviction moratorium.
Trump first threatened Thursday that if a deal was not reached by the end of the week — a largely arbitrary deadline — then he would utilize executive orders to circumvent Congress and enact jobless benefits and an eviction moratorium on his own.

At the last-minute press conference Friday night, Trump said that an executive order was "being drawn right now" and accused Democrats of holding "critical relief hostage."

The Democratic negotiators, Pelosi and Senate Minority Leader Chuck Schumer of New York, told reporters on Friday they had offered the White House a compromise that would have included about $2 trillion in aid, which was rejected.

The greater than trillion-dollar gap remaining between the parties includes their disagreement on continued unemployment benefits. Congress created a $600-a-week additional payment for the jobless earlier this year, but was unable to find a deal to extend the payments after they expired at the end of July.

The two sides also remain apart on how school funding should be disbursed. Pelosi told reporters the White House wants the money to go largely to schools that reopen; Democrats want the aid to also fund schools that are unable to reopen and must spend to launch and implement distance learning programs.

Your move chuck and Nancy, do you take this to court and look really bad to a whole lot of voters or do you let him win and piss off your base?
 

Cacheman

Ultra MAGA!
First EO- Payroll Tax Holiday Aug 1 through end of year and may extend and terminate if he wins election. He did state he wanted this in mid 2016
 

JasmineAndLace

Senior Member
The $400 a week additional federal unemployment payment is probably still too much. People in this area are pretty resistant to going back to work, but this new amount is better than the $600 weekly give away that assured employees made more staying at home than working. Looks like there is not going to be any stimulus check for $1200 or any other amount.
 

Sicario

The Executor
One crazy media bitch wouldn't shut up and let others ask questions, so Trump ended the event and walked out! LOL! Peer pressure is gonna be a bitch! :D

trump-slap.jpg
 
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psychgirl

Has No Life - Lives on TB
The $400 a week additional federal unemployment payment is probably still too much. People in this area are pretty resistant to going back to work, but this new amount is better than the $600 weekly give away that assured employees made more staying at home than working. Looks like there is not going to be any stimulus check for $1200 or any other amount.
I thought he said earlier that would happen no matter what? Way back(?)
 

Midlander2

Senior Member
This President is exactly what this country needed. I'm convinced that NO ONE ELSE would have stood in the gap like Trump. Sure, he has plenty of weaknesses, but the strengths... the man of the hour. I'm concerned about the economy big time, but I'm even more concerned about the Dems getting the control that they have wanted. Now... they are just like wolves that have had a juicy steak ripped from their jaws.
 

Cacheman

Ultra MAGA!
DNC Media now whining $400 isn't enough and he should have made it $600

Good grief do the know how stupid they sound at this moment?
 

Dozdoats

On TB every waking moment
The stark market is a barometer of future prospects

STARK market? About the most telling typo I have ever seen. :D If it was a typo ...

The future prospects for the stock market are dire IMO. But invest as you see fit....
 

MetalMan

Veteran Member
The Dems with help from the Republicans can make everything Trump did mute by passing A DAMN SPENDING Bill.
Easy pesy
 

jazzy

Advocate Discernment
i did some digging and the dems were wanting a $1200 stimulus check per person in each household, repubs wanted a repeat of $1200 per adult under $75k a year filing seperate and $2400 per couple under $150k plus extra for kids again. dang, ghuess we will have to wait and see what happens after congress comes back. mightbe a long wait for that 2nd stimulus check
 

marsh

On TB every waking moment
Damn. I had hoped for that $1200 to help pay my fall house taxes. Having everything delivered plus the privateering inflation in prices and need to prep for continued CA lockdown has undercut my limited (retiree) budget. No, Donald, not everyone is invested in the stock market or will benefit for capital gains reform.

I am curious as to how they are going to pay for current retiree SS. We are already in excess demand over payroll tax money coming in to pay existing benefits and dipping into the so called "lock box" reserves. These reserves were borrowed to fund the National Debt and are virtually unavailable so regular revenue has to be used . So where is the money for SS going to come from?
 
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