Trump threatens executive order on COVID-19 stimulus if Dems can’t reach agreement

NYPost reports President Trump said Thursday he plans to sign sweeping executive orders “tomorrow afternoon” if Democrats won’t agree to a new coronavirus stimulus bill.

Trump says he’s ready to revive a moratorium on evictions and a federal supplement for unemployment insurance, both of which lapsed last month. He also floated a temporary payroll tax cut and action on student loans.

“I’ve notified my staff to continue working on an Executive Order with respect to Payroll Tax Cut, Eviction Protections, Unemployment Extensions, and Student Loan Repayment Options,” Trump tweeted.

White House Chief of Staff Mark Meadows previously gave Democrats a Friday afternoon deadline to make concessions.

On Capitol Hill, talks ground to a halt between White House reps and Democrats.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer held a press conference Thursday and refused to budge on a renewed $600/week federal supplement in unemployment. Republicans want to peg the boost to 70 percent of pre-pandemic pay.

It’s unclear what unemployment supplement rate Trump would order.

The executive orders would stoke intense debate among scholars and attorneys. Congress typically holds the power to spend money.