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President Trump signs executive orders extending underemployment, deferring student loans

President Donald Trump signed executive orders Saturday extending unemployment benefits, deferring student loans and payroll taxes and extending the moratorium on evictions .
Trumps signed a series of executive actions Saturday afternoon.
Trumps signed a series of executive actions Saturday afternoon.(CNN)
Published: Aug. 7, 2020 at 10:05 PM EDT|Updated: Aug. 7, 2020 at 10:58 PM EDT
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(WVLT/CBS) - President Donald Trump signed executive orders Saturday extending unemployment benefits, deferring student loans and payroll taxes and extending the moratorium on evictions .

The announcement came during the president’s press conference Saturday in New Jersey.

The president says his executive order will provide an additional $400 weekly in unemployment assistance, as well as a deferral of payroll tax and federal student loan payments and the continuation of a freeze on some evictions during the coronavirus pandemic.

“It’s $400 a week, and we’re doing it without the Democrats,” Trump said, asking states to cover 25% of the cost. It was not immediately clear where the federal portion would come from — though the president suggested he was looking to use unspent funds from previous coronavirus relief bills — and he said it would be up to states to determine how much, if any of it to fund.

President Trump bypassed Congress after a week of failed negotiations on Capitol Hill.

"The president is doing all he can to help workers, students and renters, but Congress is the one who should be acting. Democrats should stop blocking common sense proposals to help students going back to school and college and parents going back to work who need child care,” Senator Lamar Alexander said in response to the president’s executive orders.

The president alluded to his decisions during a Friday Night conference saying his administration was “talking about” deferring the payroll tax, as well as continuing a moratorium on evictions and continuing expanded unemployment benefits, and deferring student loan payments through the end of the year.

Pres. Trump said during his Friday night conference that “if Democrats continue to hold this critical relief hostage I will act under my authority as president to get Americans the relief they need.”

CBS News reports the president said he could sign those executive orders by the end of the week. When asked if he’s worried about legal complications, Pres. Trump said he isn’t but acknowledged he’ll “probably” get sued.

"We'll see, yeah, probably we'll get sued," Mr. Trump said.

The president also said he will also sign an executive order requiring health insurance companies to cover all preexisting conditions.

Pres. Trump mentioned during the conference that recent job growth has been the greatest in history, after some of the worst job losses on record.

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