According to Fox News, President Trump will sign executive orders on Saturday to aid Americans struggling with the economic disaster caused by the coronavirus pandemic.
Trump is expected to announce the president’s actions during a press conference at 3:30 p.m. at Trump Bedminster National Golf Club, NJ, before heading to the Hamptons for fundraising events.
Trump blamed Democrats on Friday for the deadlock of the coronavirus deal in Congress and said he would solve his problem himself. Earlier this week, he previewed executive orders that would extend enhanced federal unemployment benefits, suspend payroll taxes until the end of the year, extend deportations, and assist with student loan payments.
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A senior administration official told Fox News on Saturday: “The president is acting to bail out unemployed Americans, among other actions to provide relief.
Unilateral action has its limits and can lead to legal challenges. Trump’s orders are narrower in scope than the trillions of dollars Congress is pondering over a massive stimulus to the virus-damaged economy. Congress controls new federal spending, and Trump has predicted that dodging lawmakers will have consequences.
“We’ll see, yes, maybe we’ll be sued,” Trump told reporters on Friday.
House Democrats passed a $ 3 trillion coronavirus bailout bill in May. The GOP Senate last month proposed a $ 1 trillion plan, although it did not vote because Republicans are divided over whether more aid is needed.
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House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer have been in talks for a week with White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin, but the two sides are far apart on a deal.
Democrats blamed the GOP for not understanding the severity of the crisis and trying to “earn nickel and coins” on struggling Americans, while the White House accused Democrats of being unavailable. ready to compromise.
Trump’s actions won’t address some of the major problems Congress’s proposals seek to address, including another $ 1,200 stimulus test, aid for schools to safely open doors. return, cash transfers to revenue-constrained local and state governments, food assistance, new business lawsuit protections, and money to vote-by-mail for the 2020 election.
Due to the constitutional provisions that empower the spending power of the legislative branch, the White House cannot just withdraw hundreds of billions of ether without the approval of Congress.
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But the Trump administration believes it has access to $ 140 billion that they can “reprogram.” That includes $ 80 billion in untapped money from a large coronavirus bill signed into law in March and $ 40 billion from the Disaster Relief Fund.
The White House believes it can redirect some of these funding without congressional permission, similar to how Trump in 2019 declared a national emergency on the border with Mexico to transfer billions Dollars from the Pentagon budget to help pay for a border wall.
Pelosi and Schumer earlier this week expressed skepticism of Trump’s executive power.
“You can’t transfer that much money,” said Pelosi. “We are talking about a great investment.”
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Democrats want the White House to continue negotiations with Congress on a big package.
“A better way to do this is [to] come to an agreement that addresses the needs of the American people – in a much better way, “Schumer said.
The need for bailouts is becoming urgent as millions of Americans lose their $ 600 weekly federal unemployment benefits that expire at the end of July. The partial ban on deportation of government-backed collateral also expired late last month.
Approximately 110 million Americans live in rental homes; According to an analysis by the COVID-19 Expulsion Defense Project, up to 23 million tenants – or 20% – are at risk of eviction before September 30.
With $ 600 in additional unemployment benefits now officially out, about 24 million Americans say they have little or no ability to pay, according to a US Census Bureau survey. rent next month.
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Rent and mortgage payments are often the biggest monthly expense for Americans: One in four renters families pays more than half of their income for rent, a billion. rates are even higher in cities like San Francisco and New York, according to the Harvard Integrated Housing Research Center.
Fox News’s Mark Meredith, John Roberts, Jon Decker, Chad Pergram and Brooke Singman contributed to this report.