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President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images

President Trump on Saturday signed four executive actions to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.

Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.

The president said the order and memoranda:

  1. Defer payroll taxes for Americans earning less than $100,000 a year.
  2. Implement a moratorium on evictions and give financial assistance to renters.
  3. Add $400 per week in extra unemployment benefits through the end of 2020, requiring states to cover 25% of the additional benefits.
  4. Postpone student loan interest and payments through the end of 2020.

What he's saying: “Through these four actions, my administration will provide immediate and vital relief to Americans struggling in this difficult time," Trump said at the Saturday afternoon press conference.

  • "Maybe they’ll bring legal action, maybe they won’t," Trump said of Democrats in Congress. "But they won’t win.” He added that the cases would go “very rapidly” through courts if litigated.
  • The president said the additional unemployment benefits can be paid for with the “significant money that was unspent” from the CARES Act and claimed that the payroll tax cut will help “greatly.”
  • Trump said the additional unemployment benefits are "not a hardship,” but an “incentive” to encourage people to return to work.

Of note: Previous enhanced COVID-19-related unemployment benefits added $600 a week to standard state unemployment.

  • Trump said his administration is considering cuts to income taxes for “middle-income people,” as well as capital gains taxes to encourage job growth.
  • The president also floated eliminating the payroll tax for Americans earning less than $100,000 a year if he is reelected in November.

Context: Talks between administration officials and Democratic leaders ended on Friday evening with no agreement and no additional talks scheduled.

  • Republicans proposed a $1 trillion plan, while Democrats asked for $3.4 trillion before lowering their request to $2 trillion.

The big picture: It's also unknown whether these orders are an adequate response to the current needs of the country.

  • 29 million adults reported that their household didn’t get enough to eat for the week ending July 7, while states currently face estimated budgets shortfalls of $555 billion through 2022, according to the Center on Budget and Policy Priorities.
  • In order to pay for the the deficits, states may have to layoff employees and cut education, health care and services if they do not receive additional federal aid.

Flashback: This is not the first time Trump has tried to bypass Congress on spending.

  • He declared a national emergency in 2019 to shift billions of dollars from the Pentagon budget to help pay for his proposed wall along the U.S.-Mexico border.

Go deeper

Updated Nov 7, 2020 - Politics & Policy

Joe Biden elected president, AP projects

Biden in Los Angeles in March. Photo: Mario Tama/Getty Images

The Associated Press projects Joe Biden has been elected the 46th president of the United States, ousting President Trump after a single term marked by impeachment, constant battles, a disastrous response to the deadly coronavirus pandemic and an unexpectedly close election.

Kamala Harris will join him as the first woman and first female person of color to be elected vice president — a historic breakthrough largely overshadowed by the turmoil surrounding the election. The news drew cheering crowds to the White House, while Biden made plans to address the nation at 8 pm Eastern.

EA Sports is in expansion mode

EA Sports general manager Daryl Holt (left). Photo illustration: Annelise Capossela/Axios. Photos: EA Sports

The biggest player in sports video games has plans to get even bigger — on mobile, in football, maybe even with basketball again — EA Sports general manager Daryl Holt said in an exclusive interview with Axios.

Why it matters: Sports gaming doesn’t get much press, but it’s a surging market with increased competition and lots of players up for grabs.

Heat wave grips U.S. this week from coast to coast

Computer model projection from the GFS model showing an unusually hot airmass across the western and Central U.S. on Thursday, June 29, 2021. (Weatherbell.com)

A widespread heat wave has begun across the contiguous U.S., with at least 30 million people likely to see temperatures reach or exceed 100°F by the end of the week.

Why it matters: The hot weather, which comes courtesy of another heat dome building across the Southwest, Rockies and then sliding into the western Plains, will only aggravate drought conditions and worsen many of the western wildfires.

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