STIMULUS DEAL TALKS HAVE BROKEN DOWN, TRUMP PREPARING EXECUTIVE ORDERS AS EARLY AS TONIGHT – FOX BUSINESS
— Breaking Market News (@breakingmkts) August 7, 2020
SCHUMER SAYS WHITE HOUSE SAID IT CANNOT GO MUCH BEYOND $1 TRILLION ON CORONAVIRUS RELIEF
— FXHedge (@Fxhedgers) August 7, 2020
*MNUCHIN SAYS HE'LL SUGGEST TRUMP TAKE EXECUTIVE ACTION ON AID
— zerohedge (@zerohedge) August 7, 2020
White House economic adviser Larry Kudlow said that an order cutting the payroll tax was drafted and ready for President Trump to sign.
Asked if Trump would use the order, Kudlow told Fox Business in an interview on Friday, “I believe he will.” Kudlow said that he was working with the White House Counsel’s Office Thursday night to finalize the action.
“The legal drafting is complete,” he said, adding that he did not want to make a “prediction” on what the president might do. “It’s up to him to inform the public.”