US President Donald Trump speaks at a factory in Clyde, Ohio, the US, August 6 2020. Picture: REUTERS/JOSHUA ROBERTSPresident Donald Trump said he expected to sign orders on Friday or Saturday extending enhanced unemployment benefits and imposing a payroll-tax holiday as legislators have been unable to reach agreement on stimulus legislation that includes those measures.
Pelosi and Senate Democratic leader Chuck Schumer are scheduled to meet later on Thursday with treasury secretary Steven Mnuchin and White House chief of staff Mark Meadows for another round of negotiations to try to bridge the gap on the cost and breadth of another stimulus plan. The talks take on added urgency as time passes. The November general election is 89 days away and economic data show signs that the economy is still hobbling along. The labour department reported that applications for unemployment benefits fell more than expected, to the lowest since the pandemic started. But with claims still exceeding a million on a weekly basis, the job market has a long road to fully recovering.
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