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FX.co ★ Trump extends unemployment benefits bypassing Congress

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Forex Humor:::2020-08-24T10:50:55

Trump extends unemployment benefits bypassing Congress

At the time when some nations are discussing a devastating effect of financial support, US President Donald Trump has signed an executive order extending unemployment benefits through the end of the year. Most likely, Donald Trump decided to bring harm to his own country in an effort to bypass congressional negotiations. Thus, the American leader not only extended financial relief to Americans - but also established a payroll tax holiday for those earning less than about $100,000 a year - and that is about 90 percent of the US population. Additionally, Trump suspended student loan payments and expanded a federal eviction moratorium. The president described his actions as necessary as lawmakers had been unable to reach an agreement to sink more money into the stumbling economy.

Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer have already widely criticized Trump's decisions, calling them meager, weak, and unconstitutional. They addressed Republicans inviting them to return to the negotiating table and find a compromise.


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