Saturday, August 8, 2020

Meadows, Mnuchin Recommend Trump Use Executive Power For Coronavirus Relief

AP Photo/Andrew Harnik
White House Chief of Staff Mark Meadows and Treasury Secretary Steven T. Mnuchin said Friday they are recommending President Trump move forward with executive orders on COVID-19 relief, as negotiations with Democrats collapsed.
“The president would like us to make a deal but unfortunately we did not make any progress today. We discussed the same issues,” Mr. Mnuchin told reporters.
Shortly after the talks broke down Friday afternoon, Mr. Trump tweeted, “We are going a different way!”
He said House Speaker Nancy Pelosi and Senate Minority Leader Charles E. Schumer are “only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! [They] Want one trillion dollars. No interest.”
Mr. Mnuchin said the president and his team feel they have no choice but to take executive action to help millions of people who still need help after enhanced $600 weekly unemployment benefits expired last week.
“We agree with the Speaker, this is not the first choice but people have run out of the enhanced unemployment,” he added. “The president wants action. At this point, we’re going to recommend to the president that over the weekend we move forward with some executive actions.”
The two White House negotiators will recommend the president’s orders cover unemployment, student loans, and rental foreclosures.
White House economic adviser Larry Kudlow said Friday the White House has completed a draft executive order for Mr. Trump to suspend payroll taxes, but Mr. Mnuchin didn’t mention that option in his list of pending actions.
Read the rest of the story HERE.

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