Trump to buy oil for strategic reserve to aid energy industry: ‘We’re going to fill it’
- President Donald Trump on Friday said he’s directed the U.S. Department of Energy to purchase crude oil for the Strategic Petroleum Reserve.
- The move was made in an effort to assist U.S. energy producers, which have been battered this week amid an oil price war between OPEC and Russia.
- “We’re going to fill [the strategic reserve] right up to the top, saving the American taxpayer billions and billions of dollars, helping our oil industry,” Trump said.
Trump to waive interest on federal student loans ‘until further notice’
It’s unclear if the Trump administration could take the action or if it would require legislation in Congress.
President Donald Trump on Friday said that he would eliminate the interest on federal student loans “until further notice” as part of a package of emergency executive actions designed to address the economic fallout from the coronavirus pandemic.
“To help our students and their families, I’ve waived interest on all student loans held by federal government agencies and that will be until further notice,” Trump said during a Rose Garden address where he declared a national emergency. “That’s a big thing for a lot of students that are left in the middle right now. Many of those schools have been closed.”
The unprecedented move will provide relief to the more than 42 million Americans who owe more than $1.5 trillion in outstanding federal student loans.