Donald Trump signed an executive order in New Jersey just moments ago. The newly signed order touched on a number of pressing issues regarding the economy and the pandemic.
First, Trump announced that Americans that were out of work during the pandemic would be eligible for $400 weekly payments. That is a $200 drop off from earlier payments that provided $600 per week.
BREAKING: Pres. Donald Trump signs multiple executive orders aimed at COVID-19 relief, including addressing payroll tax, unemployment benefits and evictions. https://t.co/iyIBRzhxhf pic.twitter.com/CSLVNlLrdd
— ABC News (@ABC) August 8, 2020
In addition to touching on unemployment benefits, the Florida resident discussed student loan payments. Earlier this year, interest on federal student loans was cut down to 0%. This afternoon, the New York native let citizens know that interest would remain at 0% until 2021.
Also, Trump announced that he would extend moratorium on evictions throughout the country. Not to mention, he signed an executive order that defers tax payroll payments.
Trump makes this move after negotiations between Democrats and Republicans have remained at a stalemate for much of the last two weeks. With the two parties at odds, it appears that a deal is far from a reality.