President Donald Trump Signs $400 Unemployment Stimulus Extensions Today

President Donald Trump Signs $400 Unemployment Stimulus Extensions Today

During Friday's conference at the Trump National Golf Club in Bedminster, New Jersey, Trump spoke about a odd selection of topics, but did address the government's response to the COVID-19 pandemic, which he repeatedly referred to as the "ChinaVirus".

The White House has said if talks failed the president was prepared to take unilateral action through executive orders to address unemployment insurance, home evictions, student loans and a payroll tax cut.

It's unlikely that Trump has the legal authority to make such changes on his own, because the power to collect taxes, spend money and write laws rests with Congress. President Donald Trump called into the meeting several times but they weren't able to come to a resolution.

States will have the option of adding more money onto the $400 federal unemployment extension, Trump said.

Democrats are expected to sue to block Trump's orders from taking effect. That gives everyone on Capitol Hill a lot less heartburn than an ugly legislative fight a few months before an election - everyone but the handful of Senate Republicans in tough races who never even got a chance to pass a bill through their chamber.

Pelosi said on Tuesday Democrats were still aiming for a $3.4 trillion relief bill, Forbes reported. The cut, long a Trump wish, would affect payroll taxes that are meant to cover Medicare and Social Security benefits and take 7 percent of an employee's income. Schumer urged the White House to "negotiate with Democrats and meet us in the middle". "Unfortunately, [Republicans] rejected it".

The GOP's counter-proposal is a $1 trillion HEALS act.

Mrs Pelosi said in a news conference that she was willing to offer a compromise. He also planned to defer the payroll tax until the end of the year, hold off student loan payments and enforce a freeze on evictions.

Democrats have offered to reduce her nearly $1 trillion demand for state and local governments considerably, but some of Pelosi's proposed cost savings would accrue chiefly because she would shorten the timeframe for benefits like food stamps.

The breakdown in the negotiations is particularly distressing for schools, which have been counting on billions of dollars from Washington to help with the costs of reopening.

Pelosi and her House Democrats felt little incentive to come down from their number - or to agree to the White House's demand that benefits for the unemployed, the poor, and state and local governments be scaled back from the House-passed bill. The policy will be extended through the end of the year. Republicans have floated multiple proposals, including $400 for 20 weeks or 70% of wage replacement with a $600 cap.

"We're still a considerable amount apart", White House Chief of Staff Mark Meadows said after the meeting with Treasury Secretary Steven Mnuchin, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer on Thursday evening, The Washington Post reported. They'll say open the economy, then the virus spreads and why'd you do that? This is not a flawless answer.

"We lost 6,000 Americans this week", Olorunnipa told the president.

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