The last session of negotiations on COVID-19 relief legislation between Democratic House and Republican Senate leaders was on Friday, with no progress made. As a result, on Saturday, President Trump issued four executive orders that would:
Implement a payroll tax cut holiday from 1 August 2020 through the end of the year.
Direct the Department of Housing and Urban Development and other federal agencies to prohibit evictions.
Establish a $400-per-week addition to the paycheck protection program for workers (the payment was $600 per week which expired on 1 August).
Provide relief for student loan repayments.
The move met with opposition from the Democratic leadership and some Congressional Repu...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
